Aircell said it has secured $176 million in equity financing from both new and existing investors. It will use the funds for network expansion and operations "during this rapid growth phase of the business." Its Gogo inflight Internet service currently is available on more than 700 aircraft with nine airlines.

Subscribe to Access this Entire Article

"Other News - 01/22/2010" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.