Global Eagle Entertainment Inc. filed a motion in the US Bankruptcy Court for the sale of assets of its subsidiary on February 18, 2020. The debtor seeks the Court’s approval for the sale of assets of its subsidiary to Marlink AS in a private sale for a purchase price of $1.75 million in cash along with severance and other termination costs associated with employees and contingent workers of the Enterprise/NGO Business who do not transfer their employment to Buyer, as well as certain other customary adjustments at closing pursuant to the asset purchase agreement, dated February 18, 2021. The debtor’s assets include Emerging Markets Communications LLC’s purchased contracts, equipment and communication hardware equipment located at any customer sites, the scheduled inventory and all claims, causes of actions and rights against any person with respect to the other purchased assets. The sale hearing is scheduled for March 11, 2021. The proceeds from the sale would be used to pay off the amount owed to the debtor’s pre-petition lender.