Gogo Announces 5G Speeds
Gogo Business Aviation announced that its upcoming Gogo 5G service is expected to deliver an average speed of approximately 25 Mbps, with peak speeds ranging between 75-80 Mbps. President Sergio Aguirre stated that this upgrade will significantly enhance connectivity experiences compared to current speeds of 2-7+ Mbps. The rollout of the Gogo 5G network is on schedule for the second half of 2022, with Jet Edge as the launch customer. Gogo has been recognized for its customer satisfaction in the airborne connectivity sector, ranking first in seven of eight survey categories this year.
- Expected average speed of ~25 Mbps for Gogo 5G and peak speeds of 75-80 Mbps.
- Upgrade will significantly improve connectivity compared to current speeds of 2-7+ Mbps.
- Gogo 5G network deployment is on schedule for the second half of 2022.
- Jet Edge has been announced as the launch customer.
- Ranked No.1 in customer satisfaction for airborne connectivity, first in seven of eight categories.
- None.
BROOMFIELD, Colo., Oct. 27, 2021 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) today announced that it expects Gogo 5G to deliver ~25 Mbps on average with peak speeds in the 75-80 Mbps range.
"A recent survey by The Boston Consulting Group reported that Gogo AVANCE L5 customers experienced 2-7+ Mbps speeds, and with 5G onboard, those speeds will increase dramatically," said Sergio Aguirre, president of Gogo Business Aviation. "We are confident that with our new higher speeds and inherent low latency, 5G will deliver the best connectivity experience in business aviation.
"Our 5G network deployment has begun, and we're on schedule for launch in the second half of 2022," Aguirre added. "We're deep into system qualification and certification, we're developing a comprehensive Supplemental Type Certification (STC) portfolio, and last week we announced our launch customer, Jet Edge."
The 5G speeds above are based on modeling of eight commonly traveled city pairs, including New York, Miami, Los Angeles, San Francisco and Dallas, and confirmed by recent flight testing of Gogo's airborne and ground-station antennas.
Gogo 5G will be a fast and easy upgrade for aircraft installed with AVANCE L5, which is the most successful and widely adopted broadband connectivity system in business aviation history.
The AVANCE speeds quoted above are based on interviews with more than 70 Gogo customers by The Boston Consulting Group. Customers report regularly using video-intense applications like Zoom, Teams, and social media.
Gogo AVANCE is line-fit offerable at all nine business aviation OEMs, and has STCs across all aircraft types and sizes from personal jets (Cirrus G2+ Vision Jet) and turboprops to the largest ultra-long range global aircraft. Gogo also has a network of 120 authorized dealers worldwide.
This year Gogo ranked No. 1 in the Aviation International News (AIN) Product Support Airborne Connectivity customer satisfaction survey and has ranked first in that survey nine of the last 11 years, finishing second the other two years. This year Gogo ranked first in seven of the eight categories surveyed.
About Gogo
Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.
Currently, there are more than 2,000 business aircraft flying with Gogo's AVANCE L5 or L3 system installed. As of June 30, 2021, Gogo reported 6,036 aircraft flying with its ATG systems onboard, and 4,587 aircraft with satellite connectivity installed. Connect with us at business.gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.
Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, our ability to effectively evaluate and pursue strategic opportunities.
Additional information concerning these and other factors can be found under the caption "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2020 as filed with the Securities and Exchange Commission ("SEC") on March 11, 2021 and our quarterly reports on Form 10-Q as filed with the SEC on May 6, 2021 and August 5, 2021.
Any one of these factors or a combination of these factors could materially affect our financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. Our 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 we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Media Relations Contact: | Investor Relations Contact: |
Dave Mellin | William Davis |
+1 720-840-4788 | +1 917-519-6994 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/gogo-announces-5g-speeds-301409581.html
SOURCE Gogo Business Aviation
FAQ
What is the expected average speed of Gogo 5G?
When will Gogo 5G be launched?
Who is the launch customer for Gogo 5G?
How does Gogo 5G's speed compare to current speeds?
What recent achievement did Gogo receive in customer satisfaction?
