Gogo Business Aviation Purchases Satcom Direct | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Tue, Oct 01, 2024

Gogo Business Aviation Purchases Satcom Direct

$375 Million Deal Establishes Multi-Level Product Line

On September 30, Gogo Business Aviation announced its acquisition of Satcom Direct. This builds a more flexible service range by establishing an all-encompassing in-flight connectivity provider for business aviation.

Satcom Direct will be receiving a $375 million cash payment plus five million shares of Gogo stock once the deal closes. Over the next four years, the agreement includes up to $225 million extra for performance threshold milestones.

Satcom Direct is a business aviation (BA) geostationary (GEO) satellite connectivity provider. It is expected to draw in nearly $485 million in revenue this year: 80 percent in BA sales and 20 percent from its government market.

“This transaction accelerates our growth strategies of expanding our total addressable market to include the 14,000 business aircraft outside North America, and delivering solutions that meet the needs of every segment of the BA market,” commented Gogo Chairman and CEO Oakleigh Thorne. “Together, Gogo and Satcom Direct will offer integrated GEO-LEO satellite solutions that provide the highest performance of any satellite solution, along with the world-class customer support that the global heavy jet segment demands.”

This partnership combines Satcom’s GEO system with Gogo’s Low-Earth Orbit (LEO) and Air-to-Ground (ATG) products, offering a new LEO-GEO-ATG business aviation service. It also gives Gogo an opportunity to take its line to global military and government customers for revenue diversification. Within two years, the transaction is slated to produce $25-30 million in annual run-rate savings.

“Satcom Direct is thrilled to be joining forces with Gogo, a company that shares our focus on delivering outstanding service and leading innovation,” expressed Satcom President Chris Moore. “Our businesses have highly complementary core competencies, and our combined financial strength and expertise unlocks opportunities to invest in new technology and deliver significant long-term value creation.”

FMI: www.gogoair.com, www.satcomdirect.com

Advertisement

More News

KidVenture Educational Activities Lineup At EAA AirVenture 2025

Youth Explore With Hands-On Builds, RC Airplanes, Flight Sims, Much More KidVenture is located just north of the EAA Aviation Museum, at Pioneer Airport, and has arranged a myriad >[...]

Aero-News: Quote of the Day (07.07.25)

“About nine decades ago, Amelia Earhart was recruited to Purdue, and the university president later worked with her to prepare an aircraft for her historic flight around the >[...]

Airborne 07.07.25: Sully v Bedford, RAF Vandalism, Discovery Moving?

Also: New Amelia Search, B737 Flap Falls Off, SUN ‘n FUN Unveiling, F-16 Record Captain Sully Sullenberger, the pilot who saved 155 people by safely landing an A320 in the Hu>[...]

Aero-News: Quote of the Day (07.08.25)

"It is critically important for North American flight safety that Temporary Flight Restriction (TFR) violations are avoided. All pilots must familiarize themselves with updates to >[...]

Airborne-NextGen 07.08.25: Joby in Dubai, Army Electra, Archer iin Abu Dhabi

Also: Hackers v Aviation, Discovery Moving?, Gogo Galileo HDX, EVE to Costa Rica Joby Aviation announced its electric air taxi successfully completed a series of VTOL wingborne tri>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC