Gogo furloughs 60 percent of its workforce as passenger air travel collapses
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In-flight internet provider Gogo is placing more than 600 workers on unpaid leave, or about 60 percent of its workforce, the company announced on Tuesday. The Illinois-based company says sales of its in-flight internet service are expected to drop as much as 70 percent in April on commercial airlines, as passenger air travel falls to historic lows during the coronavirus pandemic.
Gogo said Tuesday that it has also applied for a $150 million loan and an $81 million grant from the government under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The company said the time and duration of the furloughs will “vary based on workload in individual departments.” Gogo’s CEO is also taking a 30 percent pay cut, with other executives…