Gogo shares surge 11.16% intraday after confirming Plane Simple Ku-band STC for AirX fleet upgrades.

Gogo surged 11.16% intraday after confirming a new Plane Simple Ku-band Supplemental Type Certificate (STC) for AirX's Bombardier Challenger 850 fleet. The deal, which includes Pay-As-You-Go connectivity and a tailored service plan, marks the first phase of a fleet-wide upgrade to deliver high-speed inflight connectivity. The STC issuance and operational deployment of the first two aircraft signal progress in Gogo's business aviation strategy, enhancing its market position in premium connectivity solutions. The collaboration with AirX, a major European private jet operator, underscores growing demand for Gogo's technology and positions the company to expand its revenue streams through fleet-wide installations and 24/7 customer support.