Thursday, November 10, 2016
Global Eagle, Shareco to Form New Joint Venture
Under terms of the contemplated transactions, GEE and Shareco would form a JV to provide IFEC and passenger monetization services to HNA airlines. GEE would sell its equipment, including its Airconnect antennas, network services and engineering and product support directly to the JV. The JV would be the exclusive provider of IFEC to HNA aircraft. This fleet comprises more than 320 aircraft today and is expected to grow to more than 500 in the future.