Gogo Inc. (NASDAQ: GOGO), a provider of aviation broadband connectivity products and services, has announced the modifications to protect against de-icing fluid contamination on its 2KU North American aircraft have achieved positive results, the company said.
As a result of the success of the de-icing modifications, Gogo did not incur certain forecasted costs associated with further de-icing efforts in the fourth quarter 2018, and is raising its Adjusted EBITDA guidance to the high end of its previously announced range of USD 45 million to USD 60 million for the year 2018.
As of December 31, 2018, Gogo had experienced no incidents of 2Ku system degradation on aircraft with Gogo´s recent de-icing modifications. Based on Federal Aviation Administration (FAA) data listing airports that have experienced de-icing activity, Gogo estimates that in 2018, aircraft with Gogo de-icing modifications flew more than 5,000 flights that had been de-iced.
As of December 31, 2018, Gogo´s de-icing modifications had been installed on more than 675 aircraft, representing almost 97% of the installed North American fleet.