Intelsat creditors OK purchase of Gogo’s Commercial Aviation business; bankruptcy court approval expected Aug. 31

by Peter B. de Selding

CARSAC DE GURSON, France — The court handling satellite fleet operator Intelsat’s Chapter 11 bankruptcy is expected to approve the company’s request to purchase aero-connectivity provider Gogo Inc.’s Commercial Aviation division, industry officials said.

Intelsat has received the blessing of its principal creditors, who have agreed to augment the $1-billion Debtor-in-Possession (DIP) financing they made available to the company when it filed for Chapter 11 production in mid-May.

Given these circumstances, it is all but certain that the . . .

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