Gogo is trying to sell its commercial in-flight internet business
In-flight internet provider Gogo is trying to sell its commercial airline business as it continues to lose money during the COVID-19 pandemic, the company announced on Monday. CEO Oakleigh Thorne said on a conference call that the company has had “extensive discussions with multiple parties” and that he “feel[s] optimistic that a deal may happen.”
A sale would be a huge change of course for Gogo, which pioneered in-flight connectivity. But the attempted sale comes as Gogo, like many other businesses in the air travel industry, is struggling. The company, which provides in-flight connectivity to major airlines like Delta, United, and Alaska, lost $86 million on $96 million in revenue during the second quarter of 2020. Its sessions per...
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