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Gogo’s Good News Clouded by Leftover 2020 Debt

Jan. 10, 2019, 3:37 PM

Gogo Inc. says it has figured out how to keep its high-tech Wi-Fi system working at low temperatures. The improvement may be all for naught if it can’t get its balance sheet under control.

The provider of in-flight internet reports it didn’t have any issues in December with airplane de-icing fluid getting into its new antennae, a problem that plagued rollout of the system. That’s based on more than 5,000 flights, though Gogo notes it hasn’t experienced winter’s full wrath yet.

Still, Gogo raised its adjusted Ebitda guidance to the high end of a $45 million to $60 million range ...