New Pilatus PC-24 buyers can now choose to have the AVANCE L3 inflight wifi solution from Gogo installed at the factory. The type joins the PC-12 NGX in holding STCs for installation and Pilatus offering as a line-fit solution to customers.
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Digging in to the ATG deal between Gogo and Intelsat
With the infusion of new cash coming as part of the Intelsat deal Gogo is well-positioned to invest in its updated air-to-ground (ATG) network, branded “Gogo 5G.” And the company has high hopes for increased revenue that network will deliver, both from its Business Aviation customers and from Intelsat. The latter secured a 10-year exclusive contract to resell Gogo’s ATG connectivity to commercial airlines and the (mostly) regional jets flying with the system installed as part of the deal to acquire the Commercial Aviation business.
Intelsat to buy Gogo Commercial Aviation for $400 million
Intelsat will purchase the Commercial Aviation business from Gogo for a “headline” price of $400 million. Intelsat’s attorney’s announced the deal as part of a hearing at the US Bankruptcy Court this afternoon.
Intelsat emerges as leading contender for Gogo’s Commercial Aviation business
We could learn the fate of Gogo’s Commercial Aviation (CA) business by the end of the month, assuming some details in a recent Intelsat bankruptcy filing play out. The latter filed for approval to increase its Debtor-in-Possession (DIP) funding as part of a transaction it hopes to consummate by 31 August.
Gogo tops 1,000 install milestone for AVANCE L5 biz jet wifi solution
Less than three years after the product first took flight, Gogo’s business aviation division reached the 1,000 units installed milestone on its AVANCE L5 inflight wifi connectivity solution. More than 325,000 flights have operated with the system installed since Q4 2017 when the upgraded ATG wifi system became available.
Gogo execs to score big bonus payouts for CA sale
The 2020 bonus plans at Gogo will look a bit different than in prior years. A handful of executives are in line for a big score thanks to the planned sale of the Commercial Aviation segment, while regular employees now have a new target to realize their annual reward.
Global Eagle’s connectivity business shines as content falters
Global Eagle quietly released its Q2 2020 earnings last Friday and the numbers are bad. But, in at least one context, not nearly as bad as they could have been. Somehow the company’s global connectivity business segment managed to eke out a positive margin for the quarter.
Gogo confirms "extensive" discussions to sell commercial airline inflight connectivity business
For more than two years Gogo teased the idea of splitting the company between its Commercial (airline) and Business (private) Aviation segments. The rumblings ebb and flow, but by mid-July the tone of the conversation was undeniable. Now the company confirmed the news. Gogo has retained outside advisors to assist with the formal process to “evaluate our strategic options” for the business.
Seeking a strategic use for Viasat’s $175 million raise
Was Viasat’s recent deal to secure $175mm in new capital just a matter of convenient timing? Or is there a specific plan for the cash? CEO Mark Dankberg got into some of the possibilities today, including potential inflight connectivity opportunities, while clearly leaving the door open for many more options to come.
Virgin Australia to ditch twin-aisle fleet, focus on domestic and regional service
As part of its recapitalization plan Virgin Australia intends to retire its long-haul aircraft. The carrier’s five 777s and six A330s will be removed from service as it invests “in the core Virgin Australia domestic and short-haul international operation.”