Agreement Signifies First Canadian Customer
to Commit to Gogo 5G Fleetwide with Options to Upgrade Midsize
Aircraft with Gogo Galileo HDX
LAS
VEGAS, Oct. 17, 2023 /PRNewswire/ -- (NBAA-BACE,
booth C9608) -- Gogo Business Aviation (NASDAQ: GOGO) today
announced AirSprint Private Aviation, a leading Canadian fractional
operator, will begin upgrading its Cessna Citation CJ3+ and Embraer
aircraft to Gogo 5G—making it Gogo's first Canadian fleet
customer.
"We strive to provide the highest level of service, and we are
always looking for new and innovative ways to enhance our
fractional owners' experience—seamless inflight connectivity
(IFC) from Gogo was an easy decision," said James Elian, President & CEO of AirSprint.
"Gogo's 5G system will allow us to provide the best-in-class IFC
our owners expect."
Gogo 5G is expected to deliver speeds five to 10 times faster
than current speeds, at approximately 25 Mbps on average, and 75-80
Mbps at its peak. Expansion of the Gogo 5G network in
Canada will add significantly more
time for inflight connectivity for operators flying in or through
the country. Gogo is the only air-to-ground (ATG) company in
business aviation with coverage in Canada and Alaska.
"AirSprint's selection of Gogo 5G reinforces the value of ATG
connectivity for aircraft flying in North
America that demand exceptional speeds," said Sergio Aguirre, president and chief operating
officer of Gogo. "Coupled with Gogo's award-winning customer
support, AirSprint customers will realize the superior performance
of Gogo 5G on the industry's most reliable ATG network."
The agreement also includes options for AirSprint to upgrade its
midsize aircraft with Gogo Galileo HDX, Gogo's Low Earth
Orbit (LEO) global broadband solution, expected to launch in the
second half of 2024. The Gogo Galileo product line is designed as
an extension of the AVANCE platform to provide easy upgrade paths
to new technologies and networks.
Any aircraft with an AVANCE product installed (L3, L5, LX5
or SCS), will only need to add the HDX antenna to the fuselage to
access the benefits of LEO network technology. When coupled with
Gogo 5G, customers will realize increased capacity and redundancy
of coverage.
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 June 30, 2023, Gogo
reported 7,064 business aircraft flying with its ATG systems
onboard, 3,598 of which are flying with a Gogo AVANCE L5 or L3
system; and 4,433 aircraft with narrowband satellite connectivity
installed. Connect with us at www.gogoair.com.
About AirSprint
AirSprint Private Aviation is a
privately-held company with offices in Toronto, Montréal and Calgary. AirSprint maintains the largest
fractional fleet of private aircraft in Canada, a jet collection of Embraer Praetor
500, Embraer Legacy 450/500, Cessna Citation CJ3+ and Cessna
Citation CJ2+ aircraft. AirSprint proudly flies Canadians from
coast-to-coast, including service from Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Ottawa, Montréal and the Maritimes. AirSprint
provides discerning Canadians with a better choice for optimizing
their time by enhancing the private jet ownership experience with
industry-leading safety standards, exceptional turn-key service and
increased flexibility; everything personalized for the Owners'
individual travel needs. All at a fraction of the cost.
AirSprint.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 and financial outlook, capital allocation strategy and
plans 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, including the launch
of AVANCE LX5 and Gogo 5G. 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 develop and
deploy Gogo 5G, Global Broadband or other next generation
technologies; the ability of our subcontractor to remedy the
error in the non-5G component of the chip, which has delayed the
deployment of Gogo 5G to its expected launch date; our
ability to deliver the expected performance capabilities of any new
technology, including, without limitation, AVANCE LX5; and other
events beyond our control that may result in unexpected adverse
operating results.
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,
2022, as filed with the Securities and Exchange Commission
on February 28, 2023, and in our
quarterly reports on Form 10-Q as filed with the SEC on
May 3, 2023 and August 7, 2023.
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:
|
Caroline Bosco
|
William
Davis
|
+1 312-517-6127
|
+1
917-519-6994
|
cbosco@gogoair.com
|
wdavis@gogoair.com
|
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SOURCE Gogo Business Aviation