Is Global Eagle Entertainment the first domino to fall for a market shakeout?

摘要

A long-anticipated IFC market shakeout could be on thehorizon after COVID-19 helped push another satcomsprovider into bankruptcy. Global Eagle Entertainment(NASDAQ:ENT), the US-based aero and cruise connectivityspecialist, has agreed to sell itself to its lendersthrough a US$675m ‘stalking horse’ bid, setting a floor fora potential auction.