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Nov. 16, 2012 /PRNewswire/ -- Global Eagle Acquisition Corp. (NASDAQ: EAGL; EAGLW; EAGLU) (Global Eagle) today announced that
Dave Davis, former chief financial officer of Northwest Airlines Corporation and US Airways Group and current director of Row 44 Inc. (Row 44), will join the company as Vice President and Chief Financial Officer upon closing of its proposed business combination transaction in which Global Eagle will acquire Row 44 and 86% of the issued and outstanding shares of Advanced In-flight Alliance AG (GR:DVN1) (AIA).
November 8, 2012, Global Eagle announced the signing of definitive agreements for the business combination to create the largest entertainment and connectivity platform for the worldwide airline industry. AIA is the leading supplier of games, movies, general entertainment and applications to the airline industry, serving more than 130 airlines worldwide. Row 44 is a leading satellite-based broadband service provider to the global airline industry, with its in-flight entertainment connectivity system currently installed on more than 400 aircraft that operate over land and sea worldwide.
Global Eagle Acquisition Corp. will be renamed Global Eagle Entertainment Inc. upon the closing.
Prior to the closing of the business combination, Davis will serve as Chief Financial Officer of Row 44, reporting to
John LaValle, Chief Executive Officer of Row 44. Upon closing, Davis will transition to take on the position of Vice President and Chief Financial Officer of Global Eagle Entertainment Inc. In his role at Global Eagle, Davis will be responsible for Global Eagle's group finance functions including financial planning and analysis, controllership, tax, treasury, investor relations, and mergers and acquisitions activity.
"As the in-flight entertainment experience continues to evolve at a rapid pace, Dave's keen insight will be crucial in developing the innovative products and services that move our business forward," said
Ed Shapiro, Chairman of the Board of Row 44 and Chairman-designate of Global Eagle Entertainment. "Not only have I known and respected him for many years, but as a member of the Row 44 board, his advice has been invaluable."
Added LaValle: "Dave brings us a history of leading the financial strategy and stewardship of numerous successful private and public companies. It is this unparalleled track record, combined with his reputation as one of the airline industry's most respected financial executives, that made him our hands-down choice as we endeavor to build the largest integrated entertainment platform in the business."