Aero, maritime connectivity provider Global Eagle, under creditors’ pressure, explores a strategic transaction

by Peter B. de Selding

PARIS — Airline and maritime connectivity provider Global Eagle Entertainment Inc. is establishing a committee to explore strategic transactions as the company, highly leveraged before Covid-19, struggles to meet its creditors’ terms in what now looks like an extended downturn.

The company has secured agreements with its lenders to delay publishing its audited 2019 financial report until May 14 — the deadline had already been extended to April 116 — and to June 29 for its Q1 2020 financials.

Its lenders will also receive, on a non-disclosure basis . . .

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