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Wed, Dec 02, 2020

Aero-News: Quote of the Day (12.02.20)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"The completion of the sale of our CA business to Intelsat marks the beginning of a new chapter for Gogo; we are a leader in business aviation and now turn our singular focus toward serving that attractive market. Our business aviation division has proven resilient in the face of the COVID-19 pandemic, as the number of business aircraft online today has nearly returned to January levels."

Source: Oakleigh Thorne, President and CEO of Gogo, discussing Gogo's completion of the sale of its Commercial Aviation (CA) business to a subsidiary of Intelsat S.A. for $400 million in cash.

FMI: www.business.gogoair.com

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