Getting a 5G air-to-ground network into service in the USA is a tough task, with schedules continuing to slip and questions about the hardware involved. But in China the new services are expected to launch soon, and expand quickly. Powered by Chinese manufacturer ZTE, a new network could be online in a matter of months.
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GTCR boosts Gogo stake
GTCR, a leading private equity firm, will convert all of its $105.7 million principal amount of Gogo’s 6.0% Convertible Senior Notes due 2022 into shares of Gogo’s common stock. The deal will see GTCR receive 19.1 million shared of Gogo stock, giving the company a 28.6% ownership stake in Gogo.
2Ku antenna challenges hit the A220
Air vortices off the 2Ku antenna system are once again causing troubles. This time it is the Airbus A220 affected, with some 65 fitted aircraft up for additional inspection and hardware replacement as a result.
Gogo slips 5G to 2022, sees smooth upgrade path
Officially slipping the Gogo 5G network into 2022 from this year is not great news, but Gogo’s overall finances emerged from 2020 stronger than expected and the next 5 years should complete the transformation.
Virgin Atlantic see free WiFi on the horizon, seeks better selling opportunities in the interim
Virgin Atlantic reiterated its expectation that in-flight WiFi connectivity will eventually be free to passengers. But don’t expect that in the immediate future. The company is much more focused today on improving the paid take rates than transitioning to a free model.
Alaska Airlines’ 737 MAX takes flight, without WiFi
Alaska Airlines is the latest member of the 737MAX family, operating its first commercial flights with they type today. But passengers on board faced a bit of a surprise: No WiFi active on the newest plane in the fleet.
SmartSky secures additional funding, sets Summer launch plans
SmartSky announced a new timeline for network deployment, plus some additional cash to help it get there.
Intelsat plans bankruptcy exit, notes liquidation risks
Intelsat has a plan to emerge from its Chapter 11 bankruptcy protection. It involves slashing debt owed by more than half, from $15 billion to $7 billion. But the debtors must agree to those losses. If not, the company faces a more dire outcome, including the likely liquidation of its recently acquired Gogo Commercial Aviation business.
Gogo caught up in the GameStop Short Squeeze
A spike in Gogo’s trading volume and price suggests the in-flight connectivity company is caught up in the Reddit-powered push to squeeze out short positions.
Panasonic Avionics bucks consolidation trend, dumps ITC Global
What’s NEXT for Panasonic Avionics? The company sold off its ITC Global maritime connectivity group this week, redoubling its focus on in-flight connectivity. That approach is counter to what many of its competitors are pursuing, however, raising a number of questions.