Gogo feels pressure as American splits inflight WiFi order with ViaSat

Gogo tumbled the most in more than three months after American Airlines Group split an order between the company and ViaSat for in-flight, satellite based internet service. The carrier selected ViaSat to provide service on its coming Boeing Co. 737 Max fleet of about 100 jets while choosing Gogo’s new 2Ku service for almost 140 planes. While Gogo will continue to provide ground-based ATG connectivity, American Airlines has an option to remove service from as many 550 aircraft. About 150 of those planes will be retired and American hasn’t decided which provider it will use to upgrade the remaining 400 to satellite-based service, said Casey Norton, a spokesman for the carrier. Gogo fell as much as 14% to $9.48 in New York, the biggest intraday decline since Feb. 16. American, the world’s largest airline, is keen to have “multiple suppliers” for broadband WiFi as a way to equip planes as quickly as possible, Norton said.<br/>