Los Angeles, CA | May 21, 2014– Global Eagle Entertainment Inc. (Nasdaq: ENT) announced today that it has been selected by Indonesia’s flag carrier, Garuda Indonesia, to provide inflight entertainment (IFE) content to its passengers.

Recently awarded “World Best Economy Class” by SkyTrax and “Best in Region: Asia & Australasia” by the APEX Awards, Garuda Indonesia continues to evolve its business and deliver continuous and better service improvements to passengers as part of the company’s “Quantum Leap 2011-2015” program.

“Our content offering needs to be as diverse and dynamic as the passengers we serve each day,” said Faik Fahmi, EVP Service of Garuda Indonesia. “We selected Global Eagle due to their very broad programming, original productions and games offering, as well as their overall leadership position in the IFE sector. We believe Global Eagle Entertainment is the best resourced partner to future proof our IFE investment over the next five years through the introduction of innovative programming and new ways to enhance the passenger experience.”

Global Eagle will provide Garuda Indonesia with movies from studios in Hollywood, the Middle East, Europe and Asia. In addition, the content package will feature television programming, music, streaming radio, games and original productions that include destination films, safety films and entertainment guides. Content will be provided via the audio video on-demand (AVOD) seat-back systems on their wide-bodied aircraft.

“Garuda Indonesia is on an impressive trajectory in terms of both the size of their network and the number of services they offer their passengers,” said Andy McEwan, SVP Content for Global Eagle Entertainment. “We are certainly pleased to be a part of their growth story by helping to deliver an extraordinary entertainment experience for their passengers.”

Garuda Indonesia is the national airline of Indonesia. Headquartered in Jakarta, Garuda Indonesia Groups operates 139 aircraft and serves 44 domestic and 20 international destinations. With three service hubs in Indonesia, Garuda Indonesia has received numerous awards for safety and service in the past two years.

  • Transaction solidifies position as In-Flight Media Leader
  • Adds to coverage of key emerging markets

Los Angeles, CA | October 21, 2013– Global Eagle Entertainment Inc. (NASDAQ: ENT) announced today that it has acquired Travel Entertainment Group Equity Limited, the UK-based parent company of IFE Services Limited (IFE Services) from GCP Capital Partners LLP for approximately $36 million in cash. IFE Services is a leading provider of in-flight entertainment services to airlines and cruise lines worldwide. The acquisition expands Global Eagle’s leadership in delivering content and software solutions to the international travel industry.

Global Eagle’s purchase of IFE Services follows closely on the Company’s acquisition of digital content leader Post Modern Group (PMG) in July 2013. With a 20-year history, IFE Services provides a broad range of content solutions, spanning movies, TV programs, games, mobile apps, publications, safety videos and technical support to a worldwide client base of over 50 airline and cruise ship operators. IFE Services has a particularly strong customer presence among quickly-growing airlines in developing markets in Africa, Asia and South America.

“This acquisition is in line with our strategic objective to grow our position as the leading provider of in-flight media, to broaden our client base and to further strengthen the combined service offerings we provide to airlines worldwide,” said John LaValle, Chief Executive Officer of Global Eagle. “The addition of IFE Services will significantly enhance our presence in multiple fast-growing, emerging markets where our combined service offerings are in demand. We look forward to working together with IFE’s CEO Andy McEwan and the talented team at IFE Services in bringing our innovative solutions to the worldwide travel industry.”

“This is another transaction that we expect to be highly complementary to our existing business,” said Dave Davis, Chief Financial Officer of Global Eagle. “In addition to adding IFE Service’s strong cash flows, we believe we can unlock substantial efficiencies from our combined operations to the benefit of our shareholders. At the same time, we continue to be in a solid position to pursue additional acquisitions given our healthy balance sheet, strong management team and growing global footprint.”

For the full year 2013 and on a stand-alone basis, IFE Services is expected to generate approximately $37 million to $40 million of annual revenue* and approximately $7 million to $9 million of Adjusted EBITDA.* In addition, we expect to achieve substantial synergies beginning in first half of 2014 as a result of the combination of IFE Services with Global Eagle.

“Having supported the business and the management team of IFE over the last five years, we are delighted that, in Global Eagle, IFE Services has a supportive new owner that will be able to capitalize on its achievements to date,” said Adam Maidment, Managing Director of GCP Capital Partners LLP. “We would like to thank the CEO, Andy McEwan, and his team for their excellent work over the last few years and we wish them well in this next phase of the business’ development.”

In connection with the consummation of the IFE transaction, Global Eagle agreed to sell to one of its existing institutional stockholders, 2,435,472 shares of Global Eagle’s common stock for an aggregate purchase price of $21,000,000, in a registered direct offering by means of a prospectus supplement to Global Eagle’s effective shelf registration statement which Global Eagle will file with the Securities and Exchange Commission (“SEC”). In addition, Global Eagle will issue to PAR Investment Partners, L.P., an existing Global Eagle stockholder, a $19,000,000 promissory note which is convertible into shares of Global Eagle’s non-voting common stock. The terms of these sales of securities will be contained in a Current Report on Form 8-K to be filed by Global Eagle with the SEC.

  • Partnership to Support Chinese Airlines Seeking to Operate In-flight Connectivity Service As Well As Offer High-Quality, Approved Connectivity to All Airlines Flying Into and Over China


Westlake Village, CA and Beijing, China | August 16, 2013– Global Eagle Entertainment Inc. (Nasdaq: ENT), the leading provider of satellite-based inflight WiFi and device-based entertainment for airlines around the world, and China Satellite Communications Co. Ltd (Chinasatcom), the core operating subsidiary of China Aerospace Science and Technology Corporation, entered into an Memo of Understanding (MOU) to jointly develop, implement and support in-flight connectivity solutions for Chinese airlines, as well as to support non-Chinese airlines that fly into and over the People’s Republic of China.

Global Eagle and Chinasatcom recognized the need for a strong support infrastructure for Chinese airlines to enable these airlines to provide an inflight connectivity service that is reliable and meets the needs of passengers, and also enables airlines to provide a service that reflects their respective preferences. As respected leaders in satellite-based connectivity and satellite communications, Global Eagle and Chinasatcom will meet the needs of non-Chinese airlines that fly into and over China as well.

“Chinasatcom is an elite organization that will make available a wide variety of unique resources and skills to support airlines’ in-flight connectivity programs,” said John LaValle, Chief Executive Officer of Global Eagle Entertainment. “Our partnership will put in place a highly specialized infrastructure so that airlines can enable and reliably provide their in-flight connectivity offerings to the millions of passengers they serve.”

Under the MOU, Global Eagle Entertainment subsidiary Row 44 will provide its world-leading, satellite-based in-flight connectivity platform, including hardware and software. Row 44 will also provide its expertise in efficient program management and in the development and operation of advanced in-flight services to increase passenger loyalty and airline revenues.

Chinasatcom owns and operates 13 satellites and four earth stations, and maintains strong relationships with satellite owners worldwide. It will offer airlines a variety of services that include global satellite connectivity, network security and policy compliance management, and partner management support. These services can be utilized individually or integrated as needed in order to help airlines maximize the productivity of its in-flight connectivity solution.

In addition, Chinasatcom will also provide satellite and network services within China for Global Eagle’s non-Chinese airline customers.

“Global Eagle is a leading innovator in in-flight connectivity services around the world, and we are pleased to be working with such a reputable organization,” said Chai Yong, GM of Department of Aircom of Chinasatcom. “Chinasatcom has a long-standing reputation for providing exceptional quality and service to our customers, and are well-situated to enable the growth and progress of China’s fast-growing in-flight connectivity industry alongside Global Eagle.”

– Accretive Transaction Strengthens Leadership in Inflight Content & Connectivity Market
– Extends Hollywood Studio & Airline Customer Base
– Expands Footprint to other Non-Theatrical Markets, including Cruise Lines

Westlake Village, CA & Irvine, CA | May 9, 2013– Global Eagle Entertainment Inc. (NASDAQ: ENT) (“Global Eagle”) and Post Modern Group, LLC (PMG) announced today that they have entered into a definitive agreement for Global Eagle to acquire Post Modern Group, LLC (PMG) for a total consideration of up to $23.9 million in a combination of cash and stock. The acquisition expands and strengthens Global Eagle’s relationships with airlines around the world and provides entry into the cruise line industry and other non-theatrical markets. The transaction is in line with Global Eagle’s strategic plan to consolidate the top content and distribution companies serving these markets.

Founded in 1993, PMG is a leading provider of video production, post-production and digital content delivery services spanning TV shows, feature films, commercials, home video and live news broadcasts, as well as multi-language media for use in in-flight entertainment systems. PMG currently serves a customer base of over 10 motion picture and television distributors and 50 airlines and cruise lines. The company is expected to generate over $35 million in revenues and in excess of $4.5 million in adjusted EBITDA* in 2013. Global Eagle expects to benefit from substantial synergies that will further impact the contribution from the transaction in 2014.

Global Eagle is the leader in providing movies and television programming, audio, games, applications and creative solutions to the worldwide in-flight entertainment market, with over 130 airlines under contract. The addition of PMG’s digital technologies, studios, software applications and personnel will further strengthen Global Eagle’s leadership in customizing, delivering and managing the distribution of content to airlines, as well as expand the company’s footprint to additional markets, including cruise ships, universities, hospitals and other non-theatrical venues.

“This is a highly complementary and accretive transaction that will strengthen our technology and breadth of services, increase our customer base and provide us with entry into the cruise line industry,” said John LaValle, CEO of Global Eagle Entertainment. “The expansion of our studio relationships and content resources for both embedded in-flight entertainment systems and our own satellite-based Internet connectivity system further reinforces our ability to serve the worldwide airline market with the most complete platform available. We are excited about the potential to work with Rick Warren and Amir Samnani and the talented team at PMG in continuing to execute our strategic plan as we grow our combined content and connectivity footprint globally.”

“This acquisition reflects the basic premise behind the formation and focus of our organization,” said Edward L. Shapiro, Chairman of Global Eagle. “By consolidating the industry’s top content and distribution assets, we can further strengthen the combined resources we offer worldwide airlines and content providers, unlock significant operating efficiencies and maximize our growth potential. Supported by our healthy balance sheet and strong management team, we intend to aggressively pursue additional acquisitions like PMG with the goal of fully capitalizing on the growth of our industry.”

“During the past two decades, PMG has built an exceptional digital content services platform, including our industry-leading Hollywood lab, which delivers a complete technology solution to major studios looking to tap the global airline market,” said Rick Warren and Amir Samnani, Managing Partners of PMG. “Becoming part of the Global Eagle organization will allow us to further strengthen our resources and maximize our technologies across a wider base of customers. We look forward to working with the Global Eagle team and building on our success during this exciting time for our industry.”

The acquisition, which has been approved by Global Eagle’s board of directors, is anticipated to close in the third quarter of 2013.