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New Deal


Announced

Completed

Intelsat completed the acquisition of the commercial aviation business of Gogo for $400m.

Financials

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Transaction Value£300m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

United States

Majority

Public

Single Bidder

Airlines

commercial aviation

Friendly

Cross Border

Completed

Synopsis

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Intelsat, a communications satellite services provider, completed the acquisition of the commercial aviation business of Gogo, a provider of in-flight broadband Internet service and other connectivity services for commercial and business aircraft, for $400m. "The completion of the sale of our CA business to Intelsat marks the beginning of a new chapter for Gogo; we are a leader in business aviation and now turn our singular focus toward serving that attractive market. Our business aviation division has proven resilient in the face of the Covid-19 pandemic, as the number of business aircraft online today has nearly returned to January levels," Oakleigh Thorne, Gogo President and CEO.

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