It’s been 20 years since the last big round of satellite bankruptcies. With Intelsat, OneWeb, Speedcast, and Global Eagle filing for bankruptcy, and several others teetering, 2020 will be known as the new year of reckoning for many satellite companies.
Global Eagle Entertainment, a provider of media services and satellite Wi-Fi to aircraft, boats and remote locations, has exited Chapter 11 bankruptcy.
Global Eagle Entertainment, a provider of media services and satellite Wi-Fi to aircraft, boats and remote locations, filed for Chapter 11 bankruptcy protection July 22, citing the coronavirus pandemic’s impact on global travel.
Inflight connectivity provider Global Eagle will help Telesat in design and test the operator’s low Earth orbit satellite constellation, the companies announced May 15.
Satellite connectivity provider Global Eagle Entertainment on April 2 detailed three nearly complete international connectivity deals with airlines in Europe and Asia that have the potential to increase its number of connected aircraft by a third.
Satellite connectivity provider Global Eagle Entertainment on March 8 announced $150 million in fresh capital from a private investment firm and the appointment of its second chief executive in 13 months.
Satellite connectivity and content provider Global Eagle Entertainment on Jan. 31 handed in the last of its late financial documents to the U.S. Securities and Exchange Commission (SEC), and expects the Nasdaq stock exchange will soon halt its delisting process.
U.S. regulators have thwarted a proposed joint venture between satellite connectivity provider Global Eagle Entertainment of Marina del Rey, California, and Beijing Shareco Technologies of China.
Dave Davis, Global Eagle Entertainment’s chief executive from July 2014 until February this year, left the company at the same time as Chief Financial Officer Tom Severson. Their departure also coincided with the company’s announcement that it would be late filing its annual financial report.
Satellite connectivity provider Global Eagle Entertainment has been given until May 19 to release its 2016 financial results to avoid the risk of being dropped from the Nasdaq stock exchange.
Shares in Global Eagle Entertainment took a nosedive Tuesday (Feb. 21) after the in-flight connectivity stalwart disclosed the abrupt departures of its CEO and CFO.
Satellite fleet operator SES disclosed Jan. 13 that it was the owner of the inclined-orbit satellite that Global Eagle purchased recently to boost its in-flight connectivity service.
Harris Corp. has put its CapRock maritime satellite services division on the sales bloc after concluding that the business will drop another 25 percent. Globecomm is also said to be up for sale.