Pursuits
Gogo Falls as American Holds Right to Pull Service on Jets
- Airline splits order with ViaSat for satellite-based Wi-Fi
- Gogo sinks as much as 15%, biggest intraday drop since Feb. 16
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Gogo Inc. tumbled the most in more than three months after American Airlines split an order between the company and ViaSat Inc. for in-flight internet service -- and left unsettled the question of who will provide upgrades for 400 aircraft.
The carrier selected ViaSat for satellite-based connections on its future Boeing Co. 737 Max fleet of about 100 jets, while choosing Gogo’s new 2Ku service for 134 Airbus Group SE A319s and A320s, said Casey Norton, a spokesman for American Airlines Group Inc.