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.
When it comes to inflight connectivity growth opportunity China is hard to ignore. It is a massive market, but one with almost no short-haul aircraft carrying Wi-Fi hardware on board. And despite repeated promises that the online world is finally ready to imminently take flight, at least one supplier is finally backing off the hype and recognizing significant additional delays in getting its systems off the ground.
Hughes Network Systems is not new to the inflight internet world. But the company is getting more aggressive in its pitch to airlines. Hughes is now a global distribution partner of OneWeb’s LEO constellation services. The deal was announced this week at Aircraft Interiors Expo 2023.
Fully branded and now with multiple antenna options, Gogo is starting the certification process for its Galileo LEO inflight internet service, running on the OneWeb constellation. The company chose the Bombardier Challenger 300 series of aircraft as the first platform on which to develop the hardware and installation process. The Bombardier Challenger 300 is one […]
Gogo’s upcoming LEO satellite service has a new name. Now branded Galileo, the company also expanded the antenna options, enabling even higher speeds on larger business jets.
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.