STOCK TITAN

Gogo Expands 5G Footprint into Canada Providing Greater Coverage for Business Aviation Operators

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Gogo Business Aviation (NASDAQ: GOGO) announced on April 24, 2023, its expansion of the Gogo 5G network into Canada, enhancing coverage for business aviation operators across North America. This advancement is expected to provide average speeds of ~25 Mbps with peaks of 75-80 Mbps, enabling users to access data-intensive services like video conferencing and gaming with lower latency. The Gogo 5G service is scheduled for commercial launch in Q4 2023, with full network expansion completion in 2024. This initiative, leveraging the AVANCE platform, allows existing customers to upgrade easily. As of December 31, 2022, Gogo reported over 3,279 business aircraft utilizing its systems, emphasizing its position as the largest provider of broadband connectivity in the sector.

Positive
  • Expansion into the Canadian market will enhance inflight connectivity for business aviation operators.
  • Average speed of Gogo 5G is expected to be ~25 Mbps, improving overall service quality.
  • Gogo 5G service set to launch in Q4 2023, indicating a timely implementation of new technology.
Negative
  • None.

ORLANDO, Fla., April 24, 2023 /PRNewswire/ -- Gogo Business Aviation (NASDAQ: GOGO) announced today it will expand its Gogo 5G network into Canada, providing additional coverage to business aviation operators in North America.

"Building on our nationwide network in the contiguous United States, expanding into Canada will allow our customers to realize enhanced inflight connectivity in more destinations and routes where they fly," said Sergio Aguirre, Gogo's president and chief operating officer. "We have been planning for this and I know our network deployment and field operations teams are ready to execute."

Gogo 5G is expected to deliver ~25 Mbps on average, with peak speeds in the 75-80 Mbps range, placing power in the passenger's hand to use data-heavy interactive services like video conferencing, live TV, and gaming with lower latency and higher throughput.

Aligning with Gogo's software-centric approach to technology design, Gogo 5G leverages Gogo's best-selling AVANCE platform system with its multi-bearer capability, allowing customers to realize their inflight connectivity investments now, while establishing an easy upgrade path to Gogo 5G and Gogo's global Low Earth Orbit (LEO) solution in the future.

Following the successful critical design review of the 5G chip earlier this year, Gogo 5G service is expected to launch commercially in the fourth quarter of 2023, with completion of the network expansion into Canada in 2024.

Customers interested in experiencing the first 5G network exclusively for business aviation can equip their aircraft with AVANCE L5 and 5G provisions, available for install today, with significant savings offered through the company's First To Fly promotion.

Sign up for Gogo 5G progress updates at www.gogoair.com/gogo-5g-progress.

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.

As of December 31, 2022, Gogo reported 3,279 business aircraft flying with Gogo's AVANCE L5 or L3 system installed, 6,935 aircraft flying with its ATG systems onboard, and 4,475 aircraft with narrowband satellite connectivity installed. Connect with us at gogoair.com.

Media Relations Contact:

Investor Relations Contact: 

Dave Mellin

William Davis 

+1 720-840-4788

+1 312-517-5725 

dmellin@gogoair.com

wdavis@gogoair.com

   

Cision View original content:https://www.prnewswire.com/news-releases/gogo-expands-5g-footprint-into-canada-providing-greater-coverage-for-business-aviation-operators-301805138.html

SOURCE Gogo Business Aviation

FAQ

What is Gogo's recent expansion plan for its 5G network?

Gogo is expanding its 5G network into Canada to enhance coverage for business aviation operators.

When is Gogo's 5G service expected to launch commercially?

Gogo's 5G service is expected to launch commercially in the fourth quarter of 2023.

What data speeds can customers expect from Gogo 5G?

Customers can expect average speeds of ~25 Mbps, with peak speeds in the range of 75-80 Mbps.

How many aircraft are currently using Gogo's systems?

As of December 31, 2022, Gogo reported 3,279 business aircraft flying with its AVANCE systems.

Gogo Inc.

NASDAQ:GOGO

GOGO Rankings

GOGO Latest News

GOGO Stock Data

973.53M
58.59M
28.18%
73.23%
13.32%
Telecom Services
Communications Services, Nec
Link
United States of America
BROOMFIELD