In-flight connectivity company Gogo says it has increased its long-term financial targets. Gogo supplies the business aviation community with broadband services by satellite. As of June 30th 2021, Gogo reported 2,067 business aircraft flying with Gogo’s AVANCE L5 or L3 system installed, 6,036 aircraft flying with its ATG systems onboard, and 4,587 aircraft with satellite […]
Intelsat’s recently acquired Gogo Commercial Aviation division has fitted the first “factory installed” 2Ku satellite in-flight communications and entertainment system on an Airbus A320neo aircraft. The 2Ku system was installed by Airbus at its factory in Hamburg, Germany as part of its High Bandwidth Connectivity Service (HBCS) and delivered to Cathay Pacific. The Intelsat 2Ku […]
Intelsat has announced that Gogo Commercial Aviation, a business it acquired in December 2020, is dropping the Gogo name and is now called Intelsat. With its acquisition of Gogo’s Commercial Aviation division, Intelsat says it became the “world’s leading provider of inflight broadband connectivity to the commercial aviation industry”. The integration means that Intelsat now […]
In-flight connectivity and aircraft broadband supplier Gogo Business Aviation has wrapped several key milestones as it continues to develop its 5G air-to-ground (ATG) network and aircraft onboard equipment. Gogo is already testing 5G antennas. “Gogo 5G will be the fourth ATG nationwide network Gogo has designed and built,” said Dave Glenn, SVP/customer operations for Gogo. […]
Intelsat’s Q1 results were released on May 5th and showed some significant improvements y-o-y. For example, total revenues for the quarter-year were $502.7 million ($458.8m in 2020) up by 9.6 per cent y-o-y, and while the company is still working its way through Chapter 11 bankruptcy reconstruction its net loss position also improved to $174.9 […]
In-flight connectivity and entertainment company Gogo is offering an unlimited access flat-fee subscription for its business aviation customers. But the cost might be considered a ‘millionaires only’ at $9,995 per month. Now, providing you own an expensive executive jet which might have cost millions or even tens of millions to buy, then $10,000 a month […]
In-Flight business aviation communications specialists Gogo has refinanced its borrowings. The new borrowings (Term Loan B) will reduce its overall leverage, enhance the company’s liquidity and deliver about $70 million in annual interest payments. Gogo has taken a $725 million 7-year loan along with a 5-year $100 million revolving credit line. As of April 20th, […]
In-Flight entertainment and connectivity provider Gogo Business Aviation which serves the professional and business flight sector has signed up Jet Edge to provide 4G streaming to the private jet charter operator. The joint statement says the long-term partnership will upgrade Jet Edge’s AdvantEdge and Managed super-mid and large cabin fleet to AVANCE L5, Gogo’s most […]
Last year, in-flight communications operator Gogo split itself into two. It sold its airline passenger commercial division to Intelsat for $400 million. It is now refinancing its private aircraft business communications division. Gogo said on April 1st that it had started a convertible debt exchange and the beginning of a refinancing process, marking significant progress […]
In Flight Connectivity (IFC) specialist Gogo says it will not deploy its 5G network this year as originally planned and that availability will slip to 2022. The news emerged during Gogo’s Q4 2020 financial statement. Revenues were $77.6 million for the quarter, up 17 per cent on Q3, but down some 10 per cent on […]