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]

Gogo Galileo Marches Toward Commercial Launch with Installation and Flight TestingBROOMFIELD, Colo., Sept. 11, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO), in conjunction with Duncan Aviation, has completed the first installation of Gogo Galileo HDX on a Bombardier Challenger 300 and has commenced flight testing as the company marches toward commercial launch of its Low-Earth-Orbit (LEO) global broadband solution later this year.First Gogo Galileo HDX installation complete on a Bombardier Cha ...

Gogo Business Aviation, the aviation operations of Gogo Inc. (GOGO) , recently announced that it has inked a definitive partnership with Skyservice Business Aviation to receive Supplemental Type Certificates (“STCs”) from Transport Canada Civil Aviation (“TCCA”) and the Federal Aviation Administration (“FAA”) for the deployment of cutting-edge Gogo 5G technology across six aircraft models.This collaborative effort is aimed at enhancing air-to-ground (ATG) inflight entertainment and connectivity (IFEC) servi ...

Gulfstream G280 and Embraer Legacy 450/500 TCCA STC Issued; Securing FAA Validations for Three Additional Aircraft ModelsBROOMFIELD, Colo., Aug. 26, 2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced a partnership with Skyservice Business Aviation ("Skyservice"), a North American leader in business aviation, to develop Supplemental Type Certificates (STC) from Transport Canada Civil Aviation (TCCA) and the Federal Aviation Administration (FAA) for Gogo 5G on six aircraft models.Gogo ...

halbergman I am revisiting my previous analysis of Gogo, Inc. (NASDAQ:NASDAQ:GOGO) in light of Q2 2024 earnings and the recent announcement of SmartSky's closing. I previously rated Gogo a strong buy for the following reasons: DCF analysis suggested a price target of $18.40, up from $8.90 at the time. Gogo's core service business continued to grow quarter-over-quarter despite expected volatility in the equipment business. Demographic trends for private jet ownership were heavily in Gogo's favor. Since ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One): ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to __________ Commission File Number: 001-35975 Gogo Inc. (Exact name of registrant as specified in its charter) Delaware 27-1650905 (State or ot ...