Gogo has, once again, revised its revenue guidance lower for 2023. The company now expects 2023 full year revenue between $390-400 million, down from a forecast $440-455 million forecast at the beginning of the year.
SmartSky
Volato picks SmartSky for HondaJet fleet
Travelers on Volato’s fleet of HondaJet aircraft will soon have access to SmartSky‘s inflight internet services. The two companies agreed to fit more than 20 new jets in the fractional fleet operations with the SmartSky LITE solution, with an option to retrofit existing aircraft in the fleet. SmartSky demonstrated the capability to deliver the high-quality […]
Performance puffery in the ATG world
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.
Gogo reports record service revenue, reduces forecast
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.
Gogo 5G takes a year delay on additional chip flaws
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.
SmartSky certified on Falcon 2000; Lear 60 in the works
SmartSky’s in-flight internet hardware is now certified for installation on the Dassault Falcon 2000EX business jet. And a Lear 60 is in the works.
Gogo pays down debt, reports record quarterly service revenue
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 brings next-gen BizAv WiFi to Canada
Gogo is pressing forward with its updated network rollout, now confirming plans to cover Canadian markets with the improved service.
BlackRock boosts SmartSky stake
The BlackRock group of funds will grow its financial stake in SmartSky, and also increase its control of the company.
SmartSky boosts patent claims against Gogo
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.