The US Bankruptcy Court approved the second amended plan of liquidation of Global Eagle Entertainment Inc. on January 29, 2021. The debtor has filed its second amended plan in the Court on January 26, 2021. As per the amended plan, general administrative claims, statutory fees, professional fee claims, priority tax claims and other priority claims will be paid full in cash. DIP claims of $80 million will be paid in full in cash. Other secured claims will be paid full in cash, First lien loan claims of $608.40 million will have a recovery rate of 96%, i.e. $584.06 million and the holders will credit bid their pro rata share of allowed claim and Second lien note claims are in the range of $196.60 million-$277.10 million with a recovery range of less than 1% which will be paid in cash through pro rata share of the Class 3a Additional Sale Consideration Amount. Convertible note claims of $83.49 million will have recovery range of 2.4%-3.2% and will be paid through pro rata share of the Class 3b and 3c Additional Sale Consideration Amount. General unsecured claims are in the range of $40 million-$80 million with a recovery range of 2.4%-3.2% and will be paid through pro rata share of the Class 3b and 3c Additional Sale Consideration Amount. Section 510 Claims, intercompany claims and equity interests will be canceled with no distribution. The plan will be funded through cash in hand and sale of assets of $675 million.