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Intelsat buys Gogo commercial aviation ops for USD 400 mln in cash

2020-09-01 09:02:00| Telecompaper Headlines

(Telecompaper) Satellite operator Intelsat has signed a definitive agreement to buy the commercial aviation business of Gogo for USD 400 million in cash, subject to the usual adjustments. Gogo said it started looking for buyers earlier this month, after reporting a 55 percent drop in revenues for the second quarter. 

Tags: commercial cash usd aviation

 

Gogo looks to sell commercial aviation Wi-Fi business as Q2 sales fall 55%

2020-08-10 16:16:00| Telecompaper Headlines

(Telecompaper) Gogo said its revenues fell 55 percent year-on-year to USD 97 million in the second quarter, after the sharp slowdown in air travel during the coronavirus pandemic dampened its sales of in-flight connectivity. While the business aviation market shows some signs of recovery, the company has started to look at selling its commercial aviation business. 

Tags: business sales sell commercial

 
 

GoGo squeeZ Commits to 100% Recyclable Packaging

2020-02-06 09:00:00| Waste Age

The brand plans to unveil 100 percent recyclable packaging in the market by 2022.

Tags: packaging commits gogo recyclable

 

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