Inflight Entertainment Company Global Eagle Files for Bankruptcy With $1 Billion-Plus in Debt
Also Read: Harry Sloan, Jeff Sagansky's Global Eagle Buy In-Flight Entertainment Companies“Today’s announcement represents a significant step forward that positions Global Eagle for long-term success as we continue connecting millions to high speed Wi-Fi and engaging content, anywhere, anytime,” said Joshua Marks, Chief Executive Officer of Global Eagle. “While we made important progress last year managing our cash flow and reducing operating expenses, we have been particularly impacted by COVID-19-related travel restrictions and demand declines in both airline and cruise end-markets.