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CHICAGO, Dec. 11, 2018 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, today announced that modifications to its 2Ku installations on North American aircraft to protect against de-icing fluid contamination have achieved positive results.
Gogo is providing an update on the performance of its 2Ku system in order to respond to investor inquiries stemming from recent significant winter storm activity, including Diego, which occurred just this past weekend.
As of December 10, Gogo had experienced no incidents of 2Ku system degradation on aircraft installed with Gogo's recent de-icing modifications. Based on Federal Aviation Administration (FAA) data listing airports that have experienced deicing activity, Gogo estimates that aircraft with Gogo deicing modifications have been de-iced prior to 2,601 flights so far this winter.
As of December 10, Gogo's de-icing modifications had been installed on more than 600 aircraft, representing almost 95% of the Company's North American fleet. While the vast majority of global de-icing activities occur in North America, Gogo will modify existing 2Ku installations on international aircraft as part of each airline's maintenance program. All newly equipped 2Ku aircraft globally will include the de-icing modifications at the time of installation.
As of December 10, 2018, 2Ku availability across the entire Gogo 2Ku fleet was approximately 98% month to date, as compared to 92% for the same period last winter.
"Developing and deploying a de-icing solution has been the top priority of our operational and engineering teams since last winter," says John Wade, president of Gogo's commercial aviation division. "Our analysis demonstrates that our deployed modifications have enabled us to avoid de-icing issues and drive high 2Ku system availability during this initial cold weather period."
The Company cautions it may not have experienced all potential weather and de-icing conditions to date, so future results may differ from what it has announced today.
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 Reports on Form 10-Q filed with the SEC on May 4, 2018 and August 8, 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.
Any one of these factors or a combination of these factors could materially affect the Company's financial condition or future results of operations and could influence whether any forward-looking statements contained in this press release ultimately prove to be accurate. the Company's forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
About the Company:
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. 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, IL with additional facilities in Broomfield, CO and locations across the globe. Connect with us at gogoair.com.
SOURCE Gogo Inc.
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