BROOMFIELD, Colo., June 13, 2018 /PRNewswire/ -- It took just 12 weeks for Gogo Business Aviation (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, to reach its second major milestone for Gogo AVANCE™ L5 with the 200th aircraft taking flight with the new system on board.
To date, more than 400 AVANCE L5 systems have been shipped with hundreds of additional systems on back order and scheduled for delivery in 2018 – highlighting how highly popular the system has been thus far in the business aviation marketplace. In total, Gogo continues to expect to have approximately 500 installations of the new system by the end of 2018.
"The market demand for AVANCE L5 remains incredibly high and our partners are installing the system at a remarkable pace," said Sergio Aguirre, president of Gogo Business Aviation. "We're thrilled with the feedback we've been receiving. The customers who have been flying with AVANCE L5 onboard their aircraft have been very happy with its performance."
AVANCE L5 systems are actively being installed at all MROs and aftermarket OEM service centers. To date, Gogo and its OEM partners and dealers have received type certificate and supplemental type certificate (STC) approvals for AVANCE L5 from the Federal Aviation Administration (FAA) across more than 40 airframes. Gogo and its partners are securing STCs for more than 15 additional airframes in the coming months, meaning AVANCE L5 will be available for installation on more than 55 business jet platforms.
The Gogo AVANCE L5 system connects to the Gogo Biz 4G network delivering faster speeds and enhanced network capacity enabling activities such as live streaming video and audio, video conferencing, on-demand movies, personal smartphone use, real-time data for cockpit apps, and remote diagnostics and support while in flight.
Gogo AVANCE is an innovative software-centric approach that combines Gogo's advanced hardware and software technology to create a fully integrated, aviation-grade inflight connectivity and entertainment platform. The platform enables connected aviation technologies, services and applications like never before.
About Gogo Business Aviation
Gogo is the inflight internet company. We are the leading global provider of broadband connectivity products and services for aviation. We design and source innovative network solutions that connect aircraft to the Internet, and develop software and platforms that enable customizable solutions for and by our aviation partners. Once connected, we provide industry leading reliability around the world. Our mission is to help aviation go farther by making planes fly smarter, so our aviation partners perform better and their passengers travel happier.
You can find Gogo's products and services on thousands of aircraft operated by the leading global commercial airlines and thousands of private aircraft, including those of the largest fractional ownership operators. Gogo is headquartered in Chicago, Ill., with additional facilities in Broomfield, Colo., and locations across the globe. Connect with us at business.gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include "forward-looking statements" that are based on management's beliefs and assumptions and on information currently available to management. Most forward-looking statements contain words that identify them as forward-looking, such as "anticipates," "believes," "continues," "could," "seeks," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "will," "would" or similar expressions and the negatives of those terms that relate to future events. Forward-looking statements involve known and unknown risks, trends and uncertainties, many of which may be beyond our control, that may cause Gogo's actual results, performance or achievements to be materially different from any projected results, performance or achievements expressed or implied by the forward-looking statements. Such risks, trends and uncertainties include those described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") on February 22, 2018 and its Quarterly Report on Form 10-Q filed with the SEC on May 4, 2018. Forward-looking statements represent the beliefs and assumptions of Gogo only as of the date of this press release and Gogo undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events or otherwise.
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