It's Tough Out There... More Reductions For Gogo | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne Unmanned-
Alt. Wednesdays

Airborne Flight Training-Alt. Wednesdays

Airborne Unlimited-
Friday

Airborne Special Programs!
Airborne-YouTube  Airborne Unlimited--08.10.20 Airborne-Unmanned--08.05.20   NEW! Airborne-Flight Training--07.29.20 Airborne Unlimited--08.07.20  The 2020 Avionics Innovation Preview!

Airborne On ANN

Airborne Unlimited--08.10.20

Airborne-Unmanned--08.05.20

NEW! Airborne-Flight Training--07.29.20

Airborne Unlimited--08.07.20

Airborne's Annual April 1st Episode

Sat, Aug 01, 2020

It's Tough Out There... More Reductions For Gogo

Gogo Announces Further Personnel Actions in Response to COVID-19

Gogo is taking additional measures in response to the ongoing COVID-19 pandemic and its impact to commercial aviation.

As part of its continued cost reduction initiatives, Gogo is eliminating 143 fulltime positions, predominantly from the Company's Commercial Aviation business.

"As the pandemic continues to impact commercial airline travel, we are taking additional actions as part of our comprehensive 16-lever strategy to reduce costs. Based on our current expectations of the scope and timing of a recovery in the industry and our Commercial Aviation business, reducing our workforce has become a necessary step. We do not take this action lightly, but we believe it is critical in our efforts to preserve our financial flexibility, while maintaining the quality of our service and relationships with our customers," said Oakleigh Thorne, Gogo's President and CEO.

The reduction in force will take effect on August 14, 2020, and represents approximately 14% of the Company's overall workforce. In addition to the reduction in force, Gogo will continue certain furloughs and maintain the salary reductions that were previously implemented.

In keeping with the previously announced 16-lever plan to reduce costs, Gogo will continue to pursue non-personnel cost-savings levers, including renegotiating terms with suppliers, delaying aircraft equipment installations, deferring purchases of capital equipment, reducing marketing and travel expenses, and eliminating non-essential spend.

FMI: www.gogoair.com

 

 


Advertisement

More News

Klyde Morris (08.10.20)

Klyde KNOWS You Don't Mess With Those Oshkosh Folks... Nuh, Uh! FMI: www.klydemorris.com>[...]

Airborne-Flight Training 07.29.20: King Schools, TPS Commandant, Diamond DA40s

Also: Pakistan License Scandal, United A/L Pilots, Sterling Adds Frasca, King Schools Giveaway King Schools has been busy these last few months, despite the ravages of a global pan>[...]

Airborne 08.10.20: 1st US Panthera, ULA and SpaceX, New 99s Prez

Also: NASA Maps Beirut, Volansi Signs Agreement, Phenom 300MED, 2020 US Parachuting Nationals? Pipistrel-USA dealer, Right Rudder Aviation, has just taken delivery of a new Pipistr>[...]

Aero-News: Quote of the Day (08.10.20)

"We still wanted to find a way to reach out to our communities with hope and inspiration for these challenging times. If we are not able to bring people to the airshow, it is our p>[...]

ANN's Daily Aero-Term (08.10.20): Instrument Approach Procedure (IAP) Charts

Instrument Approach Procedure (IAP) Charts Portray the aeronautical data which is required to execute an instrument approach to an airport. These charts depict the procedures, incl>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2020 Web Development & Design by Pauli Systems, LC