American Airlines has filed suit to terminate its contract with the inflight internet service provider Gogo. According to the Fort Worth Star-Telegram, American’s filing claims that its contract with Gogo allows the airline to terminate or renegotiate their agreement if the airline is able to find better internet service with another provider.
As a result, shares of Gogo’s stock have plummeted more than 30% in pre-market trading.
More to come…
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