Gogo (GOGO) - NASDAQ
  • Thu, Jun. 9, 12:16 PM
    • Gogo (GOGO -4.3%) announced offering of $500M senior secured notes due 2022, to be issued by its direct wholly owned subsidiary, Gogo Intermediate Holdings LLC and its indirect wholly owned subsidiary, Gogo Finance Co.
    • Net proceeds from the sale of the Notes will be used for repaying term loans, working capital and other general corporate purposes, including potential costs associated with the launch and commercial rollout of Gogo's next-generation technology solutions.
    • Press release
    | Thu, Jun. 9, 12:16 PM | 8 Comments
  • Fri, Jun. 3, 3:00 PM
    | Fri, Jun. 3, 3:00 PM | 6 Comments
  • Fri, Jun. 3, 12:47 PM
    | Fri, Jun. 3, 12:47 PM
  • Fri, Jun. 3, 11:27 AM
    • ViaSat (NASDAQ:VSAT) is up 3.4% -- and rival in-flight Wi-Fi provider Gogo (NASDAQ:GOGO) down 14.2% -- after a report that ViaSat has won a contract from American Airlines to deploy on a new Boeing 737 MAX fleet.
    • The planes will use ViaSat's Ka-band satellite technology. That means leveraging the company's first two generations of satellites (ViaSat-1 and ViaSat-2) along with 2019 launches of its ViaSat-3 platform.
    • "Our satellite bandwidth enables an 'at home' Internet experience that can serve everyone on the plane – and empowers innovative business models for airlines and their passengers," said ViaSat chief Mark Dankberg.
    | Fri, Jun. 3, 11:27 AM | 30 Comments
  • Fri, Jun. 3, 9:16 AM
    | Fri, Jun. 3, 9:16 AM | 26 Comments
  • Thu, May 26, 3:00 PM
    | Thu, May 26, 3:00 PM | 2 Comments
  • Thu, May 26, 12:45 PM
    | Thu, May 26, 12:45 PM
  • Thu, May 26, 11:35 AM
    • Gogo (NASDAQ:GOGO) has jumped 10.9% and hit its highest point this month after it disclosed in a filing that it's not proceeding with a bond sale following a "proposal from a major airline customer" for connectivity.
    • The company says the proposal concerns providing service on a "meaningful portion of the airline's domestic fleet that it currently serves," using ATG, ATG-4 and 2Ku technologies.
    • Gogo had planned today to close a sale of $525M in its junk-bond debut (senior secured notes at 12% due 2022), with funds set to expand its next-gen rollout. That sale's off for now.
    | Thu, May 26, 11:35 AM | 5 Comments
  • Wed, May 25, 3:58 PM
    • Gogo (NASDAQ:GOGO) says it's extending service of its wireless content delivery network into new European locations.
    • The expansion should boost service for Gogo Business Aviation customers on the continent. The offering, Gogo Cloud, is available at the Jetex FBO in Paris and will be installed at two FBOs in the UK by the end of August -- all three strategic locations for business travelers.
    • Gogo Cloud's proliferation will allow for automatic content updates when an aircraft arrives at one of the locations, without crew intervention. High-speed transfers mean an entire feature-length movie should take three minutes to upload.
    • The company is also making individual packages available to flight departments that want to convert particular hangars.
    | Wed, May 25, 3:58 PM | 1 Comment
  • Mon, May 23, 5:44 PM
    • Gogo (GOGO +2.3%) has priced an upsized $525M debt offering tonight, as it makes its junk bond debut in an effort to get cash to advance its next-gen technology rollout.
    • The company is offering that amount in 12% senior secured notes due 2022. It's expected to close on Thursday.
    • As expected, the company will repay its outstanding senior term credit and then use the rest for its rollout.
    • The offering had been ranked several levels below investment grade by S&P and Moody's.
    • Now read Gogo And Airbus Strike A Deal »
    | Mon, May 23, 5:44 PM | 2 Comments
  • Mon, May 23, 10:50 AM
    • Gogo (NASDAQ:GOGO), up 1.6% this morning, has added Jet ConneX to its portfolio of in-flight services offered to business aircraft.
    • Jet ConneX, a Ka-band service from Inmarsat (OTCPK:IMASY -0.6%), promises a single-operator seamless network for global flying, based on next-gen Inmarsat-5s satellites.
    • The offering joins Gogo's others in its Business Aviation lineup, including Gogo Biz, SwiftBroadband, Classic Aero, Swift64, Iridium, terrestrial 3G and Gogo Cloud; and allows for such high-bandwidth appliations as real-time TV streaming along with video calling and conference along with large, high-speed file transfer.
    • Now read Gogo And Airbus Strike A Deal »
    | Mon, May 23, 10:50 AM
  • Wed, May 18, 3:53 PM
    • Gogo (NASDAQ:GOGO) is launching a sale of $500M in debt as part of a rollover.
    • The in-flight connectivity provider will offer $500M privately in senior secured notes due 2022, to be issued by subsidiaries Gogo Intermediate Holdings and Gogo Finance.
    • Proceeds will repay a senior term credit facility, and what's left could be applied to rolling out its next-gen technology.
    • Shares are climbing out of doldrums today, now up 1.5% shortly before the close.
    • Now read Gogo And Airbus Strike A Deal »
    | Wed, May 18, 3:53 PM | 1 Comment
  • Fri, May 6, 10:03 AM
    • Gogo (NASDAQ:GOGO) was up as much as 2.7% in early going but has sacrificed gains, now -1.6% after its Q1 earnings report beat expectations on top and bottom lines following some recent customer wins with Delta and International Airlines Group.
    • Segment profits in North American commercial aviation and business aviation combined rose 29% to $34M. EBITDA of $14.5M was up 76% and beat an expected $13.6M.
    • Service revenue was $118.7M (up 24.4%); and equipment revenue was $23M (up 14.5%). Service revenue by segment: Commercial Aviation-North America, $83.4M (up 15.6%); Commercial Aviation-Rest of World, $4.6M (up 226%); Business Aviation, $30.7M (up 40.8%).
    • In operations, aircraft equivalents during the period rose to 2,512 from a year-ago 2,155. Average monthly service revenue per aircraft equivalent fell to $11,137 from $11,163.
    • Average revenue per session rose to $13.05 from $11.73, and connectivity take rate dipped to 6.5% from a year-ago 7.2%.
    • The company affirmed full-year guidance for total revenue of $575M-$595M and EBITDA of $55M-$65M, both in line with expectations.
    • Press Release
    | Fri, May 6, 10:03 AM | 5 Comments
  • Fri, May 6, 7:02 AM
    • Gogo (NASDAQ:GOGO): Q1 EPS of -$0.31 beats by $0.11.
    • Revenue of $141.7M (+22.7% Y/Y) beats by $4.12M.
    • Press Release
    | Fri, May 6, 7:02 AM | 4 Comments
  • Thu, May 5, 5:30 PM
    | Thu, May 5, 5:30 PM | 5 Comments
  • Thu, May 5, 4:00 PM
    • Gogo (GOGO +1.5%) is partnering with International Airlines Group in order to bring its 2Ku in-flight technology to dozens more aircraft.
    • It's the first European airline group to commit to Gogo's next-gen solution.
    • The company will deploy 2Ku on 118 aircraft at British Airways, four Boeing 757s at Aer Lingus (OTC:AIRXY) and up to 15 long-haul craft at Iberia.
    • Most installations are set to be completed by 2019; the first British Airways craft is set for service early next year.
    • Now read Gogo And Airbus Strike A Deal »
    | Thu, May 5, 4:00 PM | 3 Comments
Company Description
Gogo, Inc. operates as a holding company with interests in in-flight internet connectivity and wireless in-cabin digital entertainment solutions. Its services include Passenger Connectivity which allows passengers to connect to the internet through various purchase options. Passenger... More
Sector: Technology
Industry: Diversified Communication Services
Country: United States