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Fly News Breaks for March 6, 2018
GOGO
Mar 6, 2018 | 07:55 EDT
Morgan Stanley analyst Landon Park said Gogo "surprised the market" by announcing the departure of long time CEO Michael Small, who is being replaced by 30% shareholder Oakleigh Thorne. Thorne has a strong track record as CEO in other businesses, though given his long association with the company there may not be any radical changes in strategic direction, said Park, who keeps his Underweight rating on Gogo shares while looking for more clarity on the circumstances leading to this change and any potential strategic initiatives.
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