Gogo in Talks to Sell Its In-Flight Wi-Fi Business
Skift Take
Let's hope the deal talks will go faster than Wi-Fi aboard a plane.
Gogo, the in-flight internet company, is in talks to sell its commercial aviation business.
The Chicago-based company said Monday during an earning calls that in the second quarter it began formal talks to sell its commercial aviation division to a service provider, a satellite operator, or an avionics company. None of the interested parties was identified on the call.
"Covid has accelerated consolidation discussions as industry players look to emerge from the crisis with the strongest portfolio of assets they can to capture future industry growth," said Oakleigh Thorne, president and CEO.
"Severa
