Business jet in-flight broadband specialist Gogo Aviation is spending $50 million (€46.6m) on a share repurchase programme. “Our long-term capital allocation priorities are to first maintain adequate liquidity; second, invest in high-return strategic initiatives; third, carry an appropriate level of debt with a target net leverage ratio of 2.5x – 3.5x; and fourth, return capital […]
In-flight connectivity specialists Gogo has reported Q2 revenue growth of 6 per cent at $103.2 million (€94m). The business airline-focussed company expects total revenues this year to be in the range of $410 million-$420 million. “We are in a two-year investment cycle to take advantage of new technologies like 5G, LEO satellite and LTE to […]
Gogo Business Aviation, a provider of In-Flight broadband to the business aviation sector, has announced the availability of its Avance LX5 technology for 5G services. Gogo says the new kit is an “easy box swap” for owners and aircraft operators. “Designed in the exact same form factor as the currently available Avance L5, LX5 is […]
Gogo Business Aviation’s AVANCE in-flight communications platform has been selected by flyExclusive as it upgrades on a fleet of 40 private aircraft. “More than ever, our customers expect an inflight connectivity and entertainment experience consistent with what they experience on the ground,” said Mike Guina, COO of flyExclusive. “After careful consideration, we are excited to […]
Gogo Business Aviation has launched its Gogo Galileo product line with the unveiling of a second electronically steered antenna (ESA) form factor for use on its Low Earth Orbit (LEO) broadband solution. Gogo serves the business aviation market with its In-Flight Communications service. The new equipment has already caught the eye of OneWeb. Gogo says […]
In-Flight Communications specialists Gogo Business Aviation says that access to OneWeb’s now complete Low Earth orbiting satellites as well as “significant” progress by Hughes Network Systems and its satellites and antennas represents considerable momentum for its own broadband services to aircraft. Gogo says itself and its antenna provider, Hughes, completed preliminary design review of Gogo’s […]
Business in-flight communications specialist Gogo has reported its Q1 numbers, with total revenue of $98.6 million (€89.4m) – an increase of 6 per cent compared to Q1 2022, fueled by strong growth in service revenue. Gogo reported record service revenue of $78.5 million which increased 11 per cent compared to Q1 2022 and 1 per […]
It seems In-Flight Communications (IFC) business Gogo is emerging from the pandemic strongly. The company has announced it will repay $100 million (€91.1m) of debt on May 3rd – earlier than required. As a result of this transaction, Gogo will reduce its Term Loan B outstanding principal to $612.3 million. The transaction will reduce the […]
In-flight connectivity specialist Gogo Business Aviation has struck a partnership agreement with Duncan Aviation which has a fleet of in-service Bombardier, Gulfstream and Citation aircraft. Duncan Aviation is the largest privately owned business jet service provider in the world. In partnership with Gogo, it is actively developing several additional 5G Supplemental Type Certifications (STCs) for […]
In-Flight Communications (IFC) specialist Gogo Business Aviation has expanded its coverage over Canada for business aircraft operators and owners. “Building on our nationwide network in the contiguous US, expanding into Canada will allow our customers to realise enhanced inflight connectivity in more destinations and routes where they fly,” said Sergio Aguirre, Gogo’s president/COO. “We have […]