Global Eagle Entertainment Inc. received court approval of its Chapter 11 liquidation plan as the bankrupt in-flight WiFi provider moves to complete the sale of substantially all assets.
The liquidation plan would take effect once Global Eagle closes the $700 million sale of its business to Apollo Global Management Inc. and other lenders, Global Eagle’s attorney, Ted A. Dillman of Latham & Watkins LLP, said at a hearing Friday. The company is working on a March closing date, he said.
Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware said Friday that he would confirm ...
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