Gogo announced its long-awaited debt refinancing deal this afternoon, a move that should deliver huge savings for the company. The move allows the company to retire a billion dollars of high-interest debt, reducing both the total leverage and the rate paid.
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Jet Edge upgrades to Gogo Business Aviation Streaming Wi-Fi
Business jet operator Jet Edge plans to outfit its full fleet of super-mid Challenger and large Cabin Gulfstream aircraft with the Gogo Business Aviation AVANCE L5 offering. In addition to the upgraded on-board hardware the solution will support streaming video solutions for passengers.
Gogo, TMobile crack down on WiFi freeloaders
The recovery of passenger traffic in the domestic US market continues to show strength. As travelers return, however, they will notice many changes to the in-flight experience. Among those changes, a shift in the way some inflight connectivity subscriptions operate.
Next Gen ATG 5G moves forward in China
Getting a 5G air-to-ground network into service in the USA is a tough task, with schedules continuing to slip and questions about the hardware involved. But in China the new services are expected to launch soon, and expand quickly. Powered by Chinese manufacturer ZTE, a new network could be online in a matter of months.
GTCR boosts Gogo stake
GTCR, a leading private equity firm, will convert all of its $105.7 million principal amount of Gogo’s 6.0% Convertible Senior Notes due 2022 into shares of Gogo’s common stock. The deal will see GTCR receive 19.1 million shared of Gogo stock, giving the company a 28.6% ownership stake in Gogo.
2Ku antenna challenges hit the A220
Air vortices off the 2Ku antenna system are once again causing troubles. This time it is the Airbus A220 affected, with some 65 fitted aircraft up for additional inspection and hardware replacement as a result.
Gogo slips 5G to 2022, sees smooth upgrade path
Officially slipping the Gogo 5G network into 2022 from this year is not great news, but Gogo’s overall finances emerged from 2020 stronger than expected and the next 5 years should complete the transformation.
Virgin Atlantic see free WiFi on the horizon, seeks better selling opportunities in the interim
Virgin Atlantic reiterated its expectation that in-flight WiFi connectivity will eventually be free to passengers. But don’t expect that in the immediate future. The company is much more focused today on improving the paid take rates than transitioning to a free model.
Alaska Airlines’ 737 MAX takes flight, without WiFi
Alaska Airlines is the latest member of the 737MAX family, operating its first commercial flights with they type today. But passengers on board faced a bit of a surprise: No WiFi active on the newest plane in the fleet.
SmartSky secures additional funding, sets Summer launch plans
SmartSky announced a new timeline for network deployment, plus some additional cash to help it get there.