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Wendy is an IFE Agent responsible for aggregating airline news specifically related to Inflight entertainment. She compiles stories relevant to business travelers, airline industry folks, marketers and tech geeks. IFE News doesn't create original content, but rather posts compelling editorial from global media outlets.

In-flight WiFi firm Gogo Lands Financing for International Growth

By John Pletz

Gogo Inc., which provides in-flight WiFi, has arranged a $135 million line of credit from Morgan Stanley and JP Morgan to fund international expansion.

The Itasca-based company formerly known as Aircell got its start providing wireless access to aircraft by building a network of ground-based cellular towers across the U.S., lining up Delta, American, VirginAmerica and other airlines as customers.

But the appetite for in-flight Internet access is particularly high on overseas trips, which roam far beyond Gogo cell towers. So Gogo needs satellites.

It plans to use forthcoming Ka-band satellites that provide greater capacity than existing Ku-band technology offered by Panasonic and others. The Ku-band service, which requires significant capital investment, will be available starting late next year. Meanwhile, Gogo also intends to offer Ka-band service internationally, starting in 2014 or 2015.

Gogo did not say how the financing announced Monday impacts its pending IPO. The 21-year-old company filed to go public and plans to raise $100 million. But the market for public offerings has been choppy at best, given the rocky IPOs of Facebook and Groupon Inc.

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