‘Tis the season for restructuring in the aviation world. And for one supplier a deal years in the making may finally be on the horizon.
in-flight connectivity
American Airlines takes control with new WiFi portal launch
American Airlines completed its inflight connectivity systems upgrade last year and now is taking that more difficult step, harmonizing the login portal for its passengers. An updated, unified interface deploys on the Viasat and Gogo-fitted aircraft this month.
Deutsche Telekom expands free GX Aviation wifi offering on Lufthansa Group flights
Inmarsat, Deutsche Telekom, and the Lufthansa Group are extending their complimentary inflight wifi access plan. First launched in July 2019, the companies increased the number of covered customers in April 2020 and intend to keep the program alive at least through December 2021.
Global Eagle refocuses on long-term outlook
There is an air of optimism, of relief emanating from the C-Suite at Global Eagle this week. And, to be sure, a realization that massive amounts of work remain for the company to truly succeed, but a conversation with CEO Josh Marks and President Per Noren suggests massive optimism now that the company’s interest payment burdens halve thanks to an agreement to convert debt to equity through the Chapter 11 bankruptcy filing made on Wednesday.
Global Eagle secures $80 million DIP financing in Chapter 11 bankruptcy filing
Global Eagle will restructure and recapitalize under Chapter 11 of the US Bankruptcy code. Substantially all of the company’s assets are to be acquired for $675 million, reducing total debt by approximately $475 million. The deal also includes $80 million in fresh debtor-in-possession financing to ride out the current downturn.
Cutting connections: Reviewing the connected aircraft retirements
Hundreds of aircraft rapidly retired from service. Hundreds more shifted into limbo, unclear of when they might fly again. The news no longer surprises, though some of the retirements bring about a sense of loss. For inflight connectivity vendors the impact is more than a sense of loss, however, as it maps to real revenue shortfalls with the aircraft removed from service.
Connections and Connectivity: The Weekly Wrap
This week we’re talking about a big new partnership connecting passengers JetBlue and American Airlines, as well as how Middle East Airlines will be getting connected with Panasonic Avionics.
Better, cheaper inflight wifi rates launch on Air Europa
Air Europa is leaving megabyte packages behind, switching to full-flight pricing for inflight wifi connectivity as it resumes services this week.
The "new normal" of travel: FlightPlan survey reveals industry expectations
Traveling by air today brings a new set of challenges and concerns for passengers, but the means to address them remain scarce. A survey conducted as part of the Inmarsat/APEX FlightPlan event earlier this year reveals what industry executives believe the future holds. And follow-up conversations with some of those parties reveal how it might even get paid for.
MEA takes first A321neo, brings Panasonic Avionics WiFi on board
With delivery of its first A321neo last week Middle East Airlines (MEA) launches a new generation of inflight services. The carrier’s nine A321neo aircraft include personal seat-back entertainment screens and will be the airline’s first ever to offer inflight wifi connectivity on board. Panasonic Avionics was selected to provide these services.