More solid performance from the Gogo BizAv segment with the new AVANCE L5 kit deploying quickly. Of significant note is that more than 60% of the AVANCE L5 installs are new installs, not just upgrades from existing kit. As competition heats up in the BizAv segment securing those aircraft now is a big win for Gogo.
AVANCE
New direction, new challenges for Gogo: Q1 18 numbers
Sticky 2Ku antennae will cost Gogo north of $25mm to repair or replace, and that's not the only challenge new CEO Oak Thorne faced as he presented his first quarterly earnings call for the inflight connectivity provider.
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