Passenger interface specialist IFPL Group is expanding its portfolio of offerings with the acquisition of Cobalt Aerospace. Together, the two companies will offer customers a broader range of products and services that will allow operators to enhance their in-flight passenger experience offering.
LATAM never could really figure out what to do with its fleet of A350s. And now the fleet is no more. The company plans to remove the A350 from its Brazilian operations effective immediately.
Questions about the impact to competition hampered the proposed Air Canada/Transat merger from its announcement. Ultimately they killed the deal.
Air Canada and Air Transat received approval from the Canadian government this week to close on their merger, though not without some additional conditions covering slots, loyalty, lounges, and Quebec employment guarantees.
Gogo is officially out of the commercial aviation in-flight connectivity business. The company closed its $400 million cash transaction with Intelsat early Tuesday morning, making good on a promise from two weeks ago to complete the deal in early December.
When Intelsat announced plans to buy the Gogo Commercial Aviation (CA) business the plan called for an early 2021 closing. The pair now expect the deal to close in December 2020.
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.
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.
January and February 2020 showed great promise for Gogo. New aircraft installations continued, particularly of the company’s 2Ku offering for commercial aircraft. And then the bottom fell out.
But the company sees a rebound on the horizon, and also possible a merger.
Consolidation continues in the global aviation market, this time delivering a shift in transatlantic services. International Airline Group announced this morning its intentions to buy Air Europa. The Spanish carrier will become part of the Iberia operation within IAG though remain an independent brand, at least to start. The deal is valued at 1 billion euro and full integration is expected by 2025.