Gogo Inc. commented on the disclosure that certain affiliates of GTCR, a leading private equity firm, have acquired a 14.8% interest in Gogo’s common stock.
“We welcome GTCR’s interest in Gogo and look forward to an ongoing and constructive dialogue as we execute our strategic plan,” said Oakleigh Thorne, Gogo’s President and CEO. “We believe GTCR shares our vision for Gogo and the opportunity to continue to create value for all shareholders.”
Recommended AI News: VIVIDA Launches Immersive Experience Service for Diversity and Security Training
“We believe Gogo’s decision to focus on its leading business aviation business will create a stronger company that is well-positioned to grow in an attractive market,” said Mark Anderson, Managing Director at GTCR. “We look forward to supporting Gogo as it completes the sale of the commercial aviation business and seeks to capitalize on the compelling opportunity in business aviation.”
Recommended AI News: KloudGin Announces Investment From ServiceMax Co-Founder Athani Krishna
About Gogo: Gogo is the inflight internet company. We are the leading global provider of broadband connectivity products and services for aviation. We design and source innovative network solutions that connect aircraft to the Internet, and develop software and platforms that enable customizable solutions for and by our aviation partners. Once connected, we provide industry leading reliability around the world. Our mission is to help aviation go farther by making planes fly smarter, so our aviation partners perform better and their passengers travel happier.
Gogo’s products and services are installed on thousands of aircraft operated by the leading global commercial airlines and thousands of private aircraft, including those of the largest fractional ownership operators. Gogo is headquartered in Chicago, with additional facilities in Broomfield, Colo., and locations across the globe.
Recommended AI News: Ascent Robotics Announces New CEO Ken Kutaragi
Areas we propose Wow, recognizable blog plan! How broad have you been adding to a blog for? you had adding to a blog completely made due. The overall look of your site is outstanding, moreover as the substance!