CHICAGO, Jan 16, 2019 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, announced the installation of 477 net aircraft with satellite technology during 2018.
Gogo ended the year with 1,296 net commercial aircraft installed with satellite in-flight connectivity ("IFC"). This marks the second consecutive year in which Gogo has installed satellite IFC technology on over 450 aircraft.
As of December 31, 2018, Gogo announced that it had:
- 1,007 aircraft installed and activated with 2Ku technology (categorized as Aircraft Online, or "AOL");
- 252 aircraft installed and activated with Ku technology (categorized as AOL);
- 37 aircraft have been installed with 2Ku technology but not yet recorded as AOL;
- Approximately 1,000 2Ku aircraft in backlog
"The shift of our global installed fleet to satellite IFC technology combined with our 2Ku availability of approximately 98%, continues to improve our customer's inflight Wi-Fi experience," said Oakleigh Thorne, President and CEO of Gogo.
"I am proud of the dedication and high standard of excellence of our engineering teams in solidifying Gogo as a global leader in satellite IFC technology."
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.
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