NetJets to Install Gogo AVANCE, 5G, and Global
Broadband
BROOMFIELD, Colo., Feb. 7, 2024
/PRNewswire/ -- NetJets has reached an agreement with Gogo Business
Aviation (NASDAQ: GOGO) that provides NetJets the ability to
upgrade their U.S. aircraft to Gogo AVANCE L5, Gogo 5G, and Gogo
Galileo, the company's Low Earth Orbit (LEO) broadband satellite
service. NetJets Owners in Europe
will also have the benefit of Gogo Galileo.
"We are committed to providing our Owners with an exceptional
travel experience, and Wi-Fi is a critical component," said
Brad Ferrell, Executive Vice
President and Chief Administrative Officer for NetJets. "Our Owners
require reliable connectivity to continue their workday or connect
with entertainment in-flight, which made AVANCE L5 and Gogo 5G the
right platform to meet their needs, especially when traveling
across America. Meanwhile, Gogo Galileo is an ideal solution for
our European jets: It delivers high performance, it can be
installed on any of our aircraft, and it's backed by Gogo's
award-winning global customer support."
The 10-year agreement gives NetJets the opportunity to upgrade
its entire fleet of aircraft to the AVANCE platform, including 5G
and Gogo's global LEO broadband satellite service, depending on the
aircraft's mission.
"Gogo is excited to continue our long-term partnership with
NetJets," said Sergio Aguirre,
Gogo's president and chief operating officer. "With more than 450
U.S. aircraft currently equipped with Gogo's systems, upgrading to
AVANCE L5 will improve performance by three times, and Gogo 5G will
improve performance several times that. Meanwhile, we are also
bringing an even better experience to operators throughout
Europe and around the world with
Gogo Galileo."
Throughout the 20-plus year relationship with the worldwide
leader in private aviation, Gogo has created features such as
over-the-air software updates to address NetJets' specific
operational needs while also providing services like Gogo Vision to
improve the inflight connectivity experience.
Selected for NetJets' U.S. aircraft, Gogo 5G and LEO satcom
services are designed to deliver high throughput with very low
latency to address the increased demand in data-heavy services and
applications in use today, as well as emerging technologies in the
future. Gogo 5G, planned to launch in the third quarter of 2024, is
expected to deliver ~25 Mbps on average with peak speeds in the
75-80 Mbps range. And Gogo's LEO service will be multiple times
faster than today's geosynchronous (GEO) satellite systems; this
global service is expected to launch in the second half of
2024.
For NetJets' aircraft in Europe, Gogo Galileo offers two fuselage-mount
antennas: HDX, which is designed with a small form factor that can
be installed on any size business aircraft, including super light
jets and large turboprops, and FDX, which is designed to fit on
larger aircraft and will deliver best-in-class performance.
The AVANCE platform, which powers Gogo Galileo, has been
intentionally designed to provide easy upgrade paths to new
technologies and networks. In the case of Gogo Galileo, any
aircraft with an AVANCE product installed (L3, L5 or SCS), will
only need to add the HDX or FDX antenna to the fuselage to access
the benefits of LEO satellite network technology.
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 Sept. 30, 2023, Gogo
reported 7,150 business aircraft flying with its broadband ATG
systems onboard, 3,784 of which are flying with a Gogo AVANCE L5 or
L3 system; and 4,395 aircraft with narrowband satellite
connectivity installed. Connect with us at
www.gogoair.com.
About NetJets
NetJets has been setting—and
exceeding—industry standards since 1964. Today, NetJets is proud to
be a Berkshire Hathaway company known for its unwavering commitment
to safety and service. The NetJets premier family of brands,
encompassing NetJets, Executive Jet Management, QS Partners, and QS
Security, offers a variety of customizable travel solutions,
including shared ownership, lease and jet card options, aircraft
management, private jet chartering, brokerage and acquisition
services, and specialized security services. This comprehensive
suite of solutions is why so many of the world's most discerning
travelers choose NetJets generation after generation. It is also
because NetJets has the largest, most diverse private jet fleet in
the world, which grants anytime access to even the most remote
destinations across the globe. To learn more about the leader in
private aviation, visit netjets.com today.
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
including our relationship with NetJets, plans, goals and
expectations concerning our market position, international
expansion, future technologies including Gogo's 5G and LEO
services, future operations, future efficiencies and other
financial and operating information. When used in this discussion,
the words "anticipate," "believe," "continue," "could," "expect,"
"intend," "may," "plan," "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 reflect our current expectations
regarding future events, results or outcomes. 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 these
risks and factors, they include, among others, our ability to
execute on our agreement with NetJets, and our ability to develop
and deploy Gogo 5G, AVANCE L5, Gogo Galileo and other
technologies.
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 Dec. 31,
2022, as filed with the Securities and Exchange Commission
("SEC") on Feb. 28, 2023.
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
Contacts:
|
|
Dave Mellin, Gogo
Business Aviation
|
NetJets
|
+1
720-840-4788
|
KWT Global | Brand
Strategy
|
dmellin@gogoair.com
|
and Public
Relations
|
|
+1
614-849-7757
|
|
pressnetjets@kwtglobal.com
|
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SOURCE Gogo