Intelsat 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/news/intelsat-acquire-commercial-aviation-business-001800996.html
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.
fool.com/investing/2020/08/26/why-gogo-stock-flew-higher/
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/news/intelsat-acquire-commercial-aviation-business-001800996.html
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.
fool.com/investing/2020/08/26/why-gogo-stock-flew-higher/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.