BROOMFIELD, Colo., Feb. 6, 2019 /PRNewswire/ -- Today Gogo Business Aviation (NASDAQ: GOGO) announces that its most robust and highest-performing system – Gogo AVANCE™ L5 – has been installed and is now flying on 500 business jets. It took just 16 months to achieve the milestone from the date of the first installation – one of the fastest adoption rates of any inflight connectivity system for business aviation.
With more than 770 systems shipped to date, AVANCE L5 is Gogo's most-popular inflight connectivity system, delivering a 4G experience to a wide variety of business aircraft. From the time AVANCE L5 launched in the fourth quarter of 2017, nearly 55,000 flights have taken off with the system onboard.
"The experience has been incredible, and the system continues to deliver performance that is delighting our customers," said Sergio Aguirre, president of Gogo Business Aviation. "And demand from the marketplace continues to be strong. I'm so proud of our team because they have truly delivered a market disrupting platform with AVANCE that forms the basis of our product portfolio."
Gogo and its OEM partners and dealers have received certification for AVANCE L5 from the Federal Aviation Administration (FAA) across 79 aircraft models. The system is actively being installed at all MROs and aftermarket OEM service centers.
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, faster web browsing, personal smartphone use, real-time data for cockpit apps, and remote diagnostics and support while in flight.
Early in 2018 Gogo also launched AVANCE L3, a system that delivers the benefits of the Gogo AVANCE platform to passengers and flight departments in a lightweight, smaller form factor compared to L5. AVANCE L3, which currently has nearly 170 systems installed, allows users to customize their inflight experience based on their unique needs and can be installed on business aircraft of all types and sizes, but is an ideal solution for smaller aircraft including turboprops and light jets.
In total, at the end of the third quarter 2018, Gogo Business Aviation reported 5,019 aircraft flying with its air-to-ground (ATG) systems onboard and another 5,137 utilizing satellite connectivity.
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 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.
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