Gogo has announced better than expected Second Quarter 2018 financial results, driven by the strong performance of its business aviation sector.
According to Oakleigh Thorne, president and chief executive officer, the new AVANCE L5 and L3 systems drove a 67% year-over-year increase in equipment sales.
The AVANCE platform is packaged in two configurations: the L5 product, which is aimed at the medium to large jet market; and the L3 product, aimed at the mid to small jet and turbo prop markets. The L5 and L3 share a common architecture that will enable Gogo to remotely install future product up-sells without having to install new equipment.
Thorne confirmed that 460 L5s had been shipped, of which 256 were active, with 400 on order. Sixty-five percent of all L5 orders are new customers.
To date, 100 L3s have been shipped, 53 activated and 40 on order.
Despite losing American Airlines as a customer for its 2Ku solution, a scope of 550 aircraft, Gogo installed 2Ku on 89 aircraft across four fleets in the quarter, including inductions on the Air Canada 777 fleet, and Alaska’s former Virgin America A321s.
The company also installed 59 Rest of World aircraft with 2Ku, and expect to install more than 250 for the year. Installations included Air France’s 777s, British Airways’ A380s, Cathay Pacific’s 777s, KLM’s A330s, LATAM’S A320s, and Level’s A330s.
Written by: Alexander Preston
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