Announced
Completed
Synopsis
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.
Show Details & Financials
Did you work on this deal?
Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.