Subject: CXP
Gogo Business Aviation Hits Milestone with 100th Business Jet Now Flying with AVANCE L5 System
BROOMFIELD, Colo., March 21, 2018 /PRNewswire/ -- It took just six months for Gogo Business Aviation (NASDAQ: GOGO), the leading global provider of broadband connectivity products and services for aviation, to reach a major milestone with the 100th installation of a Gogo AVANCETM L5 system. The install was recently completed by Constant Aviation on an Embraer Legacy 500 for a prestigious mid-west U.S.-based flight department.
More than 275 AVANCE L5 systems have been shipped with hundreds of additional systems on back order and scheduled for delivery in 2018 ? highlighting how popular the system has been thus far in the business aviation marketplace. In total, Gogo expects to have approximately 500 installations of the new system by the end of 2018.
AVANCE L5 systems are actively being installed at all MROs and aftermarket OEM service centers. To date, Gogo and its OEM partners and dealers have received type certificate and supplemental type certificate (STC) approvals for AVANCE L5 from the Federal Aviation Administration (FAA) across more than 35 airframes. Gogo and its partners are securing STCs for more than 25 additional airframes in the coming months, meaning AVANCE L5 will be available for installation on more than 55 business jet platforms.
"The demand for AVANCE L5 has been overwhelming," said Sergio Aguirre, president of Gogo Business Aviation. "The reports we're receiving from those who are using L5 have been extremely positive and the system is performing as expected. Our mission now is to get our product manufacturing caught up with the demand, and we're making tremendous progress on that front every day."
Gogo AVANCE L5 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, personal smartphone use, real-time data for cockpit apps, and remote diagnostics and support while in flight.
"Flight departments, passengers and owners appreciate both the value and the enhanced inflight connectivity experience the AVANCE L5 delivers for everyone on board," said Jay Rizzo, executive vice president of strategic sales at Constant Aviation. "In addition to the installations completed thus far for Gogo, Constant Aviation has more than 50 AVANCE L5 installations scheduled before the end of 2018. We're pleased to partner with Gogo to help bring this technology to the cabin and improve the quality of air travel through a better inflight Wi-Fi experience."
Constant Aviation, a premier full-service MRO with a nationwide network, has secured STCs for Gulfstream, Cessna, Embraer and Bombardier airframes.
"The manufacturers, and our dealers and operators saw the value AVANCE L5 could deliver with a proven and reliable network," Aguirre continued. "We are grateful to the maintenance directors and avionics leads who offered aircraft for the STC process."
Gogo AVANCE is an innovative software-centric approach that combines Gogo's advanced hardware and software technology to create a fully integrated, aviation-grade inflight connectivity and entertainment platform. The platform enables connected aviation technologies, services and applications like never before.
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. 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.
Media Relations Contact:
Dave Mellin
+1 303-301-3606
[email protected]
SOURCE Gogo Business Aviation
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