Inmarsat, Deutsche Telekom, and the Lufthansa Group are extending their complimentary inflight wifi access plan. First launched in July 2019, the companies increased the number of covered customers in April 2020 and intend to keep the program alive at least through December 2021.
There is an air of optimism, of relief emanating from the C-Suite at Global Eagle this week. And, to be sure, a realization that massive amounts of work remain for the company to truly succeed, but a conversation with CEO Josh Marks and President Per Noren suggests massive optimism now that the company's interest payment burdens halve thanks to an agreement to convert debt to equity through the Chapter 11 bankruptcy filing made on Tuesday.
Viasat's liquidity got a strong boost this week the company placed $175 million in shares through private transactions. The deal bolsters Viasat's cash balance while not assuming additional debt, an important longer term factor for the company's success.
Hundreds of aircraft rapidly retired from service. Hundreds more shifted into limbo, unclear of when they might fly again. The news no longer surprises, though some of the retirements bring about a sense of loss. For inflight connectivity vendors the impact is more than a sense of loss, however, as it maps to real revenue shortfalls with the aircraft removed from service.