Gogo

GOGO

Gogo Inc. is a provider of in-flight broadband Internet service and other connectivity services for commercial and business aircraft, headquartered in Chicago, Illinois. 17 airlines partner with Gogo to provide in-flight WiFi, including British Airways, Aer Lingus, Iberia, Gol linhas aereas, Aeromexico, American Airlines, Air Canada, Alaska Airlines, Cathay Pacific Airways, Delta Air Lines, Japan Airlines, JTA, United Airlines, Hainan Airlines, Vietnam Airlines, Virgin Atlantic and Virgin Australia. Gogo Inc. is a holding company, operating through its two subsidiaries, Gogo LLC and Gogo Business Aviation Inc. (formerly Aircell Business Aviation Services LLC). According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is also the developer of 2Ku, the new in-flight satellite-based Wi-Fi technology.

Gogo has been a target of short sellers for a while. The current short interest of 9.50% is significantly below the average of the last 12 months (12.90%).