Gogo: Half our satellite providers are relaxing contract terms to ‘share the pain,’ & most others will, too

by Peter B. de Selding

PARIS — Aero in-flight connectivity provider Gogo Inc. said its cash-management plan will enable it to maintain its loan payments and stay out of bankruptcy to survive the Covid-19 pandemic, and to position it to be part of a merger or acquisition.

The company said it had concluded negotiations with about half its satellite-bandwidth providers to loosen contract terms to allow Gogo’s payments to satellite fleet operators to align with the precipitous drop in airline traffic since March — a 60-80% drop in April compared to a . . .

To view the entire article, become a subscriber!

You may also like