Gogo has released its full quarter one results, showing that it fitted Ku-band equipment for 31 aircraft between January and March and finished the quarter with 177 awarded, but not yet installed, aircraft in its commercial aviation, rest of world segment.
It reported a record first quarter revenue of $115.5 million, up 21% year-over-year
Gogo says it also achieved a key milestone in getting its 2Ku systems ready for commercial launch by successfully installing the first 2Ku radome on a Boeing 737 aircraft.
2Ku is Gogo’s new global satellite technology that is expected to bring up to 70 Mbps to the aircraft initially and up to 100 Mbps to the aircraft when Intelsat’s high-throughput satellites (HTS), called EpicNG, are launched.
Delta Air Lines selected Gogo to provide its 2Ku service on 250 existing mainline domestic aircraft and at least 25 new international aircraft when they enter its fleet. Gogo and Delta signed a definitive agreement in May 2015.
NetJets further expanded its partnership with Gogo by selecting its business aviation arm to provide broadband in-flight connectivity and its full suite of entertainment solutions utilizing the Gogo Universal Cabin System on up to 650 aircraft.
In May 2015 Gogo and Vietnam Airlines signed an agreement under which Gogo will provide in-flight connectivity services on approximately 20 aircraft using Inmarsat’s Swift Broadband and Global Express satellite networks.
Gogo also recently announced its “Crew Connect” service for airline operational communications to allow airline crews to stay connected while in flight.
Its business aviation (BA) division also announced the introduction of ATG 8000 and ATG 1000 connectivity products to further build its service offerings to address a broader range of customer needs.
BA’s full suite of products now enables differentiated bandwidth solutions for large business aircraft, light jets, turboprops and owner-flown aircraft.
Gogo has signed a definitive agreement with United Airlines to provide in-flight internet and wireless entertainment service on what is expected to be approximately 220 of United’s two-cabin regional jets.
In addition, United will trial its 2Ku solution on five of its premium service aircraft.
As of March 31, 2015, Gogo Vision was installed on more than 1,800 commercial aircraft across six major airlines compared with 1,400 aircraft on three major airlines as of March 31, 2014.
Gogo’s President and CEO, Michael Small, said: “Q1 was a very strong quarter for Gogo on many fronts. We delivered record financial results highlighted by strong revenue growth and increased profitability.
“Finally, we are very pleased that the international airline community is increasingly recognizing our company’s global leadership.”