Gogo Announces Positive Results of De-Icing Modifications

Gogo (NASDAQ:GOGO) announced that it has received positive results for the modifications to its 2Ku installations on aircraft in North America.

The global provider of broadband connectivity on aircraft said that the modifications is protect against de-icing fluid contamination.

As quoted in the press release:

Gogo is providing an update on the performance of its 2Ku system in order to respond to investor inquiries stemming from recent significant winter storm activity, including Diego, which occurred just this past weekend.

As of December 10, Gogo had experienced no incidents of 2Ku system degradation on aircraft installed with Gogo’s recent de-icing modifications. Based on Federal Aviation Administration (FAA) data listing airports that have experienced deicing activity, Gogo estimates that aircraft with Gogo deicing modifications have been de-iced prior to 2,601 flights so far this winter.

As of December 10, Gogo’s de-icing modifications had been installed on more than 600 aircraft, representing almost 95% of the Company’s North American fleet. While the vast majority of global de-icing activities occur in North America, Gogo will modify existing 2Ku installations on international aircraft as part of each airline’s maintenance program. All newly equipped 2Ku aircraft globally will include the de-icing modifications at the time of installation.

As of December 10, 2018, 2Ku availability across the entire Gogo 2Ku fleet was approximately 98% month to date, as compared to 92% for the same period last winter.

“Developing and deploying a de-icing solution has been the top priority of our operational and engineering teams since last winter,” says John Wade, president of Gogo’s commercial aviation division. “Our analysis demonstrates that our deployed modifications have enabled us to avoid de-icing issues and drive high 2Ku system availability during this initial cold weather period.”

The Company cautions it may not have experienced all potential weather and de-icing conditions to date, so future results may differ from what it has announced today.

Click here for the full text release.