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General

Global Eagle closes sale of assets, emerges from bankruptcy

Wednesday 24 March 2021 | 10:10 CET | News
Global Eagle Entertainment, a specialist in in-flight and at-sea connectivity, has completed the sale of almost all of the company's assets to first-lien investors. The company has also closed the sale of its legacy non-government organisation (NGO) and African fixed-site land business to Marlink. The company said it has now emerged from bankruptcy with a stronger balance sheet, enhanced liquidity and backing from new owners. CEO Joshua Marks added that Global Eagle is now "well-positioned to invest in innovation, drive growth in our business, and continue supporting our customers as they

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Categories: General
Companies: Global Eagle Entertainment / Marlink
Countries: World
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