Remains on Track for Expected Commercial
Launch Later This Year
BROOMFIELD, Colo., April 9,
2024 /PRNewswire/ -- Gogo Business Aviation (NASDAQ:
GOGO) today announced that the Federal Communications Commission
(FCC) has granted regulatory approval for the Gogo Galileo HDX
and FDX antenna terminals for business aircraft.
The FCC Earth station in motion (ESIM) regulatory license grants
Gogo the authority to commercialize and operate the terminals,
which are integral to its Gogo Galileo low Earth orbit (LEO) global
broadband service, on US-registered aircraft, and those registered
in other countries within U.S. territory including territorial
waters.*
"Receiving the ESIM license for the HDX and FDX terminals
represents an important milestone in bringing the Gogo Galileo
service to market by year end," said, Crystal Gordon, executive vice president,
general counsel and corporate secretary for Gogo. "This regulatory
milestone also paves the way for additional regulatory
authorizations in other countries."
Gogo expects to begin flight testing the HDX terminal this
summer after it is installed on Gogo's Challenger 300 testbed. The
HDX terminal remains on track to receive certification and
commercially launch later this year. Track important milestones in
the development of Gogo Galileo with Gogo's milestone
tracker.
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, in-flight 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 December 31, 2023, Gogo
reported 7,205 business aircraft flying with its broadband ATG
systems onboard, 3,976 of which are flying with a Gogo AVANCE L5 or
L3 system; and 4,341 aircraft with narrowband satellite
connectivity installed. Connect with us at www.gogoair.com.
* Subject to additional regulatory
approvals.
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 outlook, industry, business strategy, plans, goals and
expectations concerning our market position, international
expansion, future technologies, future operations, margins,
profitability, future efficiencies, capital expenditures, liquidity
and capital resources, 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 are based on our current
expectations regarding future events, results or outcomes,
including the launch of Gogo Galileo LEO global broadband service
("Global Broadband"). 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 Global Broadband; our ability to deliver the expected
performance capabilities of any new technology, including, without
limitation, Global Broadband; 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,
2023, as filed with the Securities and Exchange Commission
on February 28, 2024 and in
subsequent quarterly reports on Form 10-Q as filed with the
SEC.
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