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.
Investor Relations
Contact:
|
Media Relations
Contact:
|
William
Davis
|
Meredith
Payette
|
+1
312-517-5725
|
+1
312-517-6216
|
ir@gogoair.com
|
pr@gogoair.com
|
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SOURCE Gogo Inc.