Gogo is a leading global aero-communications service provider that offers in-flight Internet and voice connectivity solutions. Gogo has more than 2,800 commercial aircraft equipped with its services on more than 17 major airlines. More than 7,000 business aircraft are also enabled with Gogo. The company is rolling out its new 2Ku satellite-based technology, which will enable connectivity speeds of 70 Mbps.
Northwood invested in an equity financing in 2001 and has made numerous follow-on investments. Gogo completed a $187 million initial public offering in 2013 and raised $590 million in 2016 through bond offerings. Our position was sold through open market sales from 2013 to 2017. (NASDAQ: GOGO) gogoair.com