• Dec. 20, 2016, 6:25 PM
    • Gogo (NASDAQ:GOGO) has priced its add-on offering of senior notes, setting the $65M in 12.5% debt to be priced at 108% of face value.
    • That means a result of gross proceeds of $70.2M to be used for general purposes.
    • The offering's expected to close on Jan. 3.
    • Total debt at the company at last report was just over $801M.
    Dec. 20, 2016, 6:25 PM | 2 Comments
  • Dec. 20, 2016, 10:34 AM
    • Gogo (GOGO -0.9%) has launched an add-on private offering of $50M in debt.
    • The amount is in additional 12.5% senior secured notes due 2022, above an initial $525M in the notes issued in June.
    • As with the initial notes, the new notes will be secured by first priority liens on assets. The company will use proceeds for working capital and general purposes.
    Dec. 20, 2016, 10:34 AM
  • Dec. 19, 2016, 11:37 AM
    • Changes are on the way to the leadership suite at Gogo (GOGO +1.8%) as its chief financial officer sets a 2017 retirement and its chief commercial officer pursues another opportunity.
    • CFO and executive VP Norman Smagley will retire from those posts at the end of 2017, and in the meantime help find a successor and pursue an orderly transition.
    • Meanwhile, CCO and executive VP Ash ElDifrawi will leave his role March 31.
    Dec. 19, 2016, 11:37 AM | 3 Comments
  • Nov. 17, 2016, 8:16 PM
    • Intelsat (I +1%) has signed up in-flight connectivity provider Gogo (GOGO -0.8%) for service on the Intelsat 29e satellite, the companies said today.
    • The move should allow Gogo to offer improved Wi-Fi for passengers as it taps high-throughput service from Intelsat's first "Epic" network satellite.
    • Intelsat 29e will provide bridge service until Intelsat 32e becomes operational next year. Overall, coverage from Intelsat will include connectivity provided by Intelsat 32e, Intelsat 33e and Horizons 3e.
    Nov. 17, 2016, 8:16 PM
  • Nov. 9, 2016, 1:08 PM
    • ViaSat (NASDAQ:VSAT) is zooming, +8.7%, and Gogo (NASDAQ:GOGO) is sliding 4.5% as American Airlines boosts its order with ViaSat to include faster Wi-Fi for 500 more domestic aircraft.
    • American had split an order between the two this summer: 100 new Boeing 737 Max planes to be outfitted by ViaSat, and 130 Airbus A319s and A320s to get Gogo's 2Ku satellite service. But Gogo warned this summer that some 550 planes were "subject to deinstallation at any time at American's option."
    • Gogo will still be deploying on other domestic aircraft, American says, and Panasonic (OTCPK:PCRFY) will keep servicing the international wide-body aircraft.
    • Gogo calls the move "old news" and says "it doesn't change our business outlook and financial guidance."
    Nov. 9, 2016, 1:08 PM | 4 Comments
  • Nov. 3, 2016, 9:29 AM
    • Gogo (NASDAQ:GOGO) is off 4.3% premarket following Q3 earnings that beat expectations but featured guidance to the low side.
    • Net loss widened 15%, to $33.3M, and EBITDA rose 57% to $15.2M (beating an expected $13.8M).
    • Revenue breakout: Service revenue, $129.1M (up 20.4%); Equipment revenue, $18.2M (down 5.2%).
    • It said its next-gen air-to-ground network would be capable of 100 Mbps speeds by 2018.
    • Capex rose to $35.6M from a year-ago $11.8M as it installed 2Ku systems.
    • The company left guidance unchanged for the full year, forecasting total revenue "above the midpoint" of $575M-$595M (vs. consensus for $591M).
    • Press Release
    Nov. 3, 2016, 9:29 AM | 1 Comment
  • Nov. 3, 2016, 7:04 AM
    • Gogo (NASDAQ:GOGO): Q3 EPS of -$0.42 beats by $0.01.
    • Revenue of $147.27M (+16.5% Y/Y) beats by $0.5M.
    • Press Release
    Nov. 3, 2016, 7:04 AM
  • Nov. 2, 2016, 5:30 PM
  • Oct. 27, 2016, 7:07 PM
    • Gogo Business Aviation (GOGO -1.1%) says it has expanded its Gogo Vision in-flight entertainment system with movies and TV shows in seven languages.
    • In early 2017, the company says it will offer studio-licensed films and episodes with audio tracks in English, French, German, Italian, Russian, Spanish and Swedish. Also, the app itself will be configurable in English, Arabic, French, German, Italian, Russian and Spanish.
    • The service offers latest releases along with about 200 on-demand films and programs. It works with cabin monitors or can stream to personal electronic devices; the content is housed in a server on board, saving potentially high data charges for customers.
    Oct. 27, 2016, 7:07 PM | 1 Comment
  • Oct. 5, 2016, 1:15 PM
    • Constant Aviation is among the first dealers for Gogo Business Aviation (GOGO +2.2%) to develop supplemental type certificates for Gogo's upcoming 4G service launch.
    • Constant will develop the STCs for Embraer 145s, Legacy 600/650, Gulfstream V and Phenom 300 craft, as well as partnering on other aircraft.
    • The new 4G service will include Gogo Vision (the company's entertainment offering), the ability to talk and text using customers' own phones, streaming audio/video and Web/e-mail, all using existing technologies for transmittal (including dual-band 802.11ac for Wi-Fi).
    Oct. 5, 2016, 1:15 PM
  • Sep. 28, 2016, 10:52 AM
    • Facing faster rollouts from competitors including ViaSat (VSAT +0.4%), Panasonic (OTCPK:PCRFY -0.9%) and Global Eagle (ENT +0.1%), airborne Internet firm Gogo (GOGO +2.4%) is working on overhauling its burdened network, but it will take a couple of years.
    • An upgrade to its ground-based systems will call for new equipment all around, and therefore won't be ready until 2018. Newer competitors are stealing a bit of Gogo's thunder by launching faster (and cheaper) than what's available on Gogo's pioneering platform, which began building out even before the introduction of the iPhone.
    • An upgrade based on LTE wireless technology should deliver 100 Mbps to each plane, vs. Gogo's current ground-heavy system that delivers about 10 Mbps to the plane (shared among all passengers).
    • Meanwhile, Gogo must work to hold customers as satellite solutions (including its own) take hold. Shares have fallen 29.4% YTD.
    • It's been one of the most shorted stocks in the Russell 3000.
    • Release: Gogo announces its next-generation ground network
    Sep. 28, 2016, 10:52 AM | 2 Comments
  • Sep. 20, 2016, 4:46 PM
    Sep. 20, 2016, 4:46 PM | 42 Comments
  • Aug. 31, 2016, 3:18 PM
    • Gogo (NASDAQ:GOGO) is on the move with sudden action this afternoon, up 2.2%, following an upgrade and an SEC filing showing a director buying in with more than $600,000.
    • Over the past two days, according to the Form 4, Charles Townsend acquired a total of 52,867 shares for about an aggregate $625,950.
    • Townsend's beneficial ownership is at 354,267 shares after the moves.
    • Meanwhile, Standpoint Research upgraded the stock to Buy from its previous Hold rating.
    • Gogo shares are down 30% YTD, but have risen 48% over the past month.
    Aug. 31, 2016, 3:18 PM | 2 Comments
  • Aug. 30, 2016, 10:38 AM
    • Gogo (GOGO +0.3%) has promoted John Wade to the role of executive VP and chief operating officer.
    • He's been serving as the general manager of the company's business aviation division, a unit that saw revenue growth of more than 36% last quarter.
    • Previously, he worked as CTO at OnAir as well as holding positions at Tenzing and GEC Marconi as part of a 30-year-plus career in aviation.
    • He'll continue to have oversight over business aviation as well as responsibility for operations, quality control, commercial airline account management and commercial sales.
    Aug. 30, 2016, 10:38 AM
  • Aug. 15, 2016, 7:28 PM
    • Gogo (NASDAQ:GOGO) gained 4.6% after it announced approval from Chinese regulators to work with its local partner, China Telecom Satellite, to offer in-flight connectivity on flights in and out of China beginning in October.
    • The move means "seamless service" for Gogo-equipped flights heading into China, CEO Michael Small says, and he expects the partners will extend cooperation to Chinese airlines in the future.
    • One international Gogo partner runs service to China currently, and the company says it has a term sheet with Shareco Technologies to install 2Ku service on 50 aircraft for Shareco partners, including Hainan Airlines and Beijing Capital Airlines.
    Aug. 15, 2016, 7:28 PM
  • Aug. 11, 2016, 7:15 PM
    • Gogo (GOGO +0.8%) has added legal and airline experience to its board with two new additions.
    • The company appointed Michele Coleman Mayes and Hugh Jones to board seats. Mayes is VP, general counsel and secretary for the New York Public Library, and spent five year before joining that organization as general counsel for Allstate. She also spent years in the U.S. Dept. of Justice before joining the corporate sector in 1982.
    • Jones is president of Sabre Airline Solutions and had previously served as CEO and president of Travelocity. He began a travel industry career with American Airlines in 1988.
    Aug. 11, 2016, 7:15 PM