Total Revenue of $100.5 million, up 3% Year-over-Year; Third Quarter Service Revenue of $81.9 million, up 3% Year-over-YearQ3 Net Income of $10.6 million; Adjusted EBITDA(1) of $34.8 millionUpdates 2024 GuidanceRecent Strategic Galileo HDX wins with Textron Aviation and Wheels Up BROOMFIELD, Colo., Nov. 5, 2024 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), a leading global provider of broadband connectivity services for the business aviation market, today announced its financial result ...

BROOMFIELD, Colo., Nov. 4, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) announced today that its Gogo Galileo HDX electronically steerable antenna (ESA), designed to provide access to Low Earth Orbit (LEO) satellite networks for all sizes of business aircraft, has passed FAA-mandated DO-160 qualification testing."Passing DO-160 keeps us on track to receive the first-article Supplemental Type Certificate (STC) and commercially launch Gogo Galileo later this year," said Jeremy Tyler, vice presid ...

LAS VEGAS, Oct. 22, 2024 /PRNewswire/ -- (NBAA-BACE, booth 1601) – Wheels Up has reached an agreement with Gogo Business Aviation (NASDAQ: GOGO) to add Gogo Galileo HDX, the company's Low Earth Orbit (LEO) global broadband satellite solution, fleetwide."Exceptional onboard Wi-Fi is a central in-flight experience feature our members and customers value when selecting an aircraft," said George Mattson, CEO for Wheels Up. "Gogo is a long-term proven partner of ours, and their next generation Galileo HDX system ...

MISSISSAUGA, ON, Oct. 17, 2024 /PRNewswire/ - Skyservice Business Aviation ("Skyservice" or "the Company") is pleased to announce it will develop a Supplemental Type Certificate (STC) to implement Gogo Galileo HDX on Gulfstream G280 aircraft, ensuring operators have access to the latest high-speed in-flight internet solutions and positioning the Company as a leader in advancing connectivity for business aviation."At Skyservice, we are committed to staying ahead of the curve when it comes to supporting the l ...

State-of-the-Art Mobile Demo Room Coming to a City Near YouBROOMFIELD, Colo., Oct. 15, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) is launching a nationwide tour bringing its interactive Gogo Galileo experience to business aviation professionals across the United States.The state-of-the-art mobile demo room was designed to give customers and business aviation professionals from across the industry the ability to experience Gogo Galileo, the company's Low-Earth-Orbit (LEO) satellite broadband ...

Production More Than Doubled to Meet Sales ProjectionsBROOMFIELD, Colo., Oct. 14, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) is seeing unprecedented demand for Gogo Galileo HDX, the new global broadband Low-Earth-Orbit (LEO) satellite service."The response from the industry for Gogo Galileo HDX is at a fever pitch – there's been a tidal wave of demand as we rapidly approach commercial launch," said Sergio Aguirre, president and chief operating officer for Gogo. "It's clear the market is hung ...

Gogo Inc. (GOGO) recently announced a definitive deal to acquire Satcom Direct for $375 million cash and five million GOGO shares at closing. In addition, Satcom Direct is entitled to receive an additional $225 million contingent to certain performance thresholds over the next four years. Satcom Direct has an extensive international sales and service footprint and operates as the leading global Business Aviation (BA) geostationary (GEO) satellite in-flight connectivity service provider. With this deal, Gogo ...

Core Viewpoint - Gogo Inc. is acquiring Satcom Direct to become the only multi-orbit, multi-band global in-flight connectivity provider, targeting the business aviation and military/government mobility markets, enhancing value creation through scale benefits and cost synergies [1][2][3] Transaction Details - The acquisition involves a payment of $375 million in cash and five million shares of Gogo stock at closing, with potential additional payments of up to $225 million based on performance over the next four years [2][7] - The transaction will be financed through cash-on-hand and $275 million in new debt, with expected net leverage in the 4x range post-closing [7] Financial Impact - The combined company is projected to have pro forma 2024 revenue of approximately $890 million, an adjusted EBITDA margin of around 24%, and free cash flow exceeding $100 million [6] - The transaction is expected to generate $25-30 million in annual run-rate cost synergies within two years following the closing [5][6] Strategic Benefits - The acquisition expands Gogo's addressable market to include 14,000 business aircraft outside North America and enhances its offerings with integrated GEO-LEO satellite solutions [3][4] - The combined entity will have a unique LEO-GEO-ATG product line, catering to all segments of the business aviation market, which is expected to drive revenue growth [3][4] Market Position - Gogo and Satcom Direct will leverage their complementary strengths to enhance customer support and drive global sales, particularly in the military/government mobility vertical [4][5] - The combined company will have the largest aftermarket dealer network and relationships with fractional, charter, and managed fleets globally [5]

Gogo's Global Dealer Network to Develop STCs Covering Virtually Every Business Aircraft Make and ModelBROOMFIELD, Colo., Sept. 26, 2024 /PRNewswire/ -- Gogo Business Aviation's (NASDAQ: GOGO) dealers see strong demand for Gogo Galileo HDX and have contracted to complete 25 Supplemental Type Certificates (STCs) covering an extensive list of aircraft makes and models.The STCs cover virtually every size business aircraft and unlock a total addressable market of more than 18,000 aircraft globally, many of which ...

Core Insights - Airshare is enhancing its private aviation services by upgrading its fleet's Wi-Fi performance through a partnership with Gogo, focusing on secure and dependable connectivity for business and leisure travelers [1][2] - Gogo's AVANCE system has already been installed on 65% of Airshare's Phenom 300 aircraft, with plans to upgrade the remaining fleet within the next year [2] - Gogo offers advanced connectivity solutions, including the new Gogo Galileo service, which can be integrated into existing AVANCE systems with minimal installation requirements [2][3] Company Overview - Airshare operates a fleet of approximately 150 aircraft, providing services such as fractional ownership, jet cards, and charter services, and has received high safety designations [5] - Gogo is the largest provider of broadband connectivity services for business aviation, with over 7,000 business aircraft utilizing its systems as of June 30, 2024 [4]