Aircell Gets $176 Million

Filed in archive Wi-Fi on January 23, 2010

Aircell has received $176 million in financing.

"The round of funding should give Aircell's Gogo Inflight Internet service a big boost," writes VentureBeat's Camille Ricketts.

"The company says it has installed its Wi-Fi service on more than 700 commercial aircraft and has commitments from nine airlines," writes Tnooz's Dennis Schaal. "Among them are Air Canada, AirTran, American Airlines, Delta Air Lines, United Airlines, Virgin America and US Airways."

"No word on who the investors were, but it says was a mix of news and old investors," writes paidContent.org's Rafat Ali.

"Raising more cash is a good sign in this still terrible economy, but without knowing more about the terms, it's hard to rate whether Aircell gave away the store, or brought in more eager equity participants," notes Wi-Fi Net News' Glenn Fleishmann.

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