PARIS — Aero/maritime entertainment and connectivity provider Global Eagle promised investors a 10-15% cut in operating costs, reduced capex and an increase of 25% or more in its adjusted EBITDA for 2018 compared to 2017.
The company said it would resist the temptation of signing up airlines under lousy contract terms — a trend that has made in-flight connectivity a symbol of bad business across the sector and weakened most of its players.
With the $150 million investment by Searchlight Capital Partners removing near-term liquidity as an . . .
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