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Gogo Inc.

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Intelsat to Acquire CA Business of Gogo for $400 millionIntelsat to Acquire Commercial Aviation Business of Gogo for $400 million in cash, subject to customary adjustments. On August 31, 2020, the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, approved Intelsat’s consummation of the transaction. finance.yahoo.com The company's commercial aviation (CA) business has been losing money ($37.2 million last quarter) while the business aviation (BA) segment has held up relatively better . Revenue declines in the BA business have not been as dramatic and the division generated segment profits of $27.2 million last quarter. www.fool.com
NASDAQ:GOGO
by AlenCiken
$GOGO Inc On Verge of Breakout above 200ma Gogo, Inc. engages in the provision of in-flight broadband connectivity and wireless entertainment services. It operates through the following segments: Commercial Aviation North American (CA-NA); Commercial Aviation Rest of World (CA-ROW); and Business Aviation (BA). The CA-NA segment offers a broad range of connectivity and entertainment services to commercial airlines flying routes. The CA-ROW segment covers satellite-based connectivity and entertainment services to foreign-based commercial airlines and North American based commercial airlines when flying routes outside of North America. The BA segment comprises of a broad suite of in-flight Internet connectivity and other voice and data communications products and services under its Gogo Business Aviation brand to the business aviation market. The company was founded in 1991 and is headquartered in Chicago, IL.
NASDAQ:GOGOLong
by DEXWireNews