ITASCA, Ill., Jan. 26, 2015 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO), a leading global aero communications service provider, announced today that it's on track for record aircraft installs in 2015. The company now has a backlog of well more than 1,000 commercial aircraft, more than half of which are expected to be installed in 2015. With the large backlog in commercial aviation and the company's current trends in business aviation, Gogo expects to install a record number of aircraft in 2015. Recently announced domestic regional jet installs and certain international fleet wins are expected to make up the bulk of the installs for 2015.
Gogo expects to bring 500 additional commercial aircraft online by the end of this year, which would bring the total number of commercial aircraft equipped with its connectivity service to more than 2600. Of the new installs, around 25 percent are expected to be international aircraft.
In addition to new installs, Gogo continues to upgrade previously-installed ATG systems to its next generation ATG-4 technology, which triples peak speeds to the aircraft and brings more capacity to the sky. More than a third of the aircraft on which ATG was installed have been upgraded to ATG-4. Gogo expects close to half the commercial fleet operating in the U.S., or more than 1,000 aircraft, to be upgraded to the newer technology by the end of 2015.
"Operationally, what the talented group at Gogo has accomplished and is set to accomplish in 2015 is unprecedented in this industry and continues to amaze me," said Gogo's president and CEO, Michael Small. "Between installing new service and upgrading our original ATG service to ATG-4, our installation team expects to touch 1,000 aircraft in various parts of the world in 2015. We are excited about where we are going in terms of bringing new aircraft online and adding significantly more capacity to the network."
In addition to the ATG-4 roll-out, Gogo is on track to launch its global satellite solution - 2Ku – in the second half of 2015. 2Ku is expected to bring peak speeds of more than 70 Mbps to an aircraft, a 20 fold increase when compared to Gogo's original ATG technology.
"2Ku will bring significantly more bandwidth at what we estimate will be half the costs of competing solutions available in the market today," added Small. "We believe this technology is transformative for global aviation in terms of Internet speeds, capacity, coverage, costs and reliability."
Gogo is a leading global aero-communications service provider that offers in-flight Internet, entertainment, text messaging, voice and a host of other communications-related services to the commercial and business aviation markets. Gogo has more than 2,000 commercial aircraft equipped with its services on more than 10 major airlines. More than 6,000 business aircraft are also flying with its solutions, including the world's largest fractional ownership fleets. Gogo also is a factory option at every major business aircraft manufacturer.
Gogo has more than 800 employees and is headquartered in Itasca, IL, with additional facilities in Broomfield, CO, and various locations overseas. Connect with us at www.gogoair.com and www.business.gogoair.com.
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