PARIS — Airline-connectivity provider Gogo Inc. is in advanced negotiations with prospective strategic and financial investors to help reduce the company’s debt but selling off one of its divisions is unlikely, Gogo officials said.
The company expects to conclude a transaction by May.
“We have other approaches to dealing with our debt that we believe create more value for shareholders” besides selling off either the Business Aviation, Commercial Aviation Rest of World or Commercial Aviation North America division, Gogo Chief Executive Oakleigh B. Thorne said.
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