Gogo, a provider of in-flight connectivity and wireless in-flight digital entertainment solutions, has closed a $135m credit facility with Morgan Stanley and J.P Morgan.
Gogo intends to use the debt financing for its international expansion plans as well as for other general corporate purposes.
Led by president and CEO Michael Small, Gogo offers network and services that allow passengers with laptops and other Wi-Fi enabled devices to get online on more than 1,500 commercial aircraft including all domestic AirTran Airways and Virgin America flights, all domestic mainline Delta Air Lines flights and select Air Canada, Alaska Airlines, American Airlines, Frontier Airlines, United Airlines, and US Airways flights.
The company recently announced a partnership deal with equipment provider AeroSat to deliver the satellite antenna, radome, antenna control and modem unit and high power transceiver and memorandums of understanding to partner with satellite companies SES and Inmarsat that will allow it to offer commercial airlines Ku and Ka-band satellite solutions globally in the near future.
Gogo currently has over 400 employees in Itasca, IL, Broomfield, CO and London.
FinSMEs
26/06/2012