Gogo authorized share buy-backs up to $50 million this week as part of its commitment to return equity to shareholders.
A CEO taking shots at the competition is nothing new. Doing so without data to back up the claims, however, can create more questions rather than boosting the product profile.
Chalk up another record revenue quarter for Gogo. But the company expects the next couple years to be rough, with downward revisions on revenue, free cash flow, and other metrics.
The new Gogo 5G solution is still a year-ish away for aircraft owners, but the company announced availability of AVANCE LX5, an upgrade to the L5 solution that delivers a more compact installation on board.
The Gogo 5G service will, once again, be delayed. The company announced a design error which must be resolved prior to deployment. Gogo 5G is now expected to go live in mid-2024, pending resolution of the chip flaws.
Gogo notified debtors of its intention to pay off $100 million of outstanding debt, a move that will help the company reduce its long-term interest expenses.
Gogo is pressing forward with its updated network rollout, now confirming plans to cover Canadian markets with the improved service.
SmartSky’s patent lawsuit against Gogo has grown. By increasing the number of patents at issue, SmartSky gains additional opportunities to win the suit; any one violation is sufficient for it to secure victory.
Last August Gogo announced a delay in its Gogo 5G network activation, owing to issues in development of the chipset for its on-board modem. Today the company confirms that those issues are resolved.
Cellular-based air-to-ground technologies brought inflight internet to thousands of aircraft and millions of passengers, first in North America, then in Europe and beyond. And while the technology continues to grow in some markets, some suppliers are more skeptical of its continued value, at least for commercial airlines.