Representing a hug shift in Gogo’s business, news came in this week that it has sold its commercial in-flight internet business to Intelsat, which is err, bankrupt itself by the way.
Chicago based Gogo pioneered in-flight connectivity and provided services to major airlines like Delta, United, and Alaska.
Usage per day in the North American market dropped 91 percent, from 125,000 before the pandemic to just 11,000 in April, though the company says those crept back up to about 40,000 so far in August and the company lost USD 86 million on USD 96 million in revenue during the second quarter of 2020.
Sadly Goto furloughed 600 workers in April and laid off 143 employees in July.
Intelsat, the world’s second largest satellite operator by revenue purchased Gogo’s Wi-Fi business for USD 400 million in cash,