NEW YORK (TheStreet) -- Gogo (GOGO) shares are poised to close 15% higher on Monday as the purveyor of in-flight connectivity announced it'll start launching international connectivity on Boeing (BA) aircraft, installing its Ku-satellite technology.
"This is a major milestone for Gogo as a company as it is a big step in clearing the way for international service," said Michael Small, Gogo's president and CEO in a press release. "We are proud to offer a consistent global connectivity experience anywhere our customers fly; whether it's on regional aircraft, domestic mainline aircraft or these Ku-equipped 747s that travel around the world."
Gogo will start testing the service immediately, and plans to offer the service, which allows travelers and crew access to the Internet, as well as Gogo Vision, Gogo's wireless in-flight entertainment service, by the first quarter of next year.
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