Inflight connectivity provider Gogo has announced it has filed papers for a $100 million initial public offering.
Using Gogo networks passengers with laptops and other Wi-Fi enabled devices can get online on all domestic AirTran Airways, Virgin America and Alaska Airlines flights, on all domestic mainline Delta Air Lines flights and on select Air Canada, American Airlines, United Airlines, US Airways, and Frontier Airlines flights.
More, subsidiary Aircell sells equipment for in-flight internet connectivity and other voice and data communications services under our Gogo Biz and Aircell brands to the business aviation industry.
Aircell customers include original equipment manufacturers of private jet aircraft, leading aftermarket dealers and all of the largest fractional jet operators.
Tech companies have seen a mixed reaction to IPOs in 2011.
LinkedIn and Pandora both surged following launches on the stock exchange earlier this year, but the more recent floatation of games maker Zynga drew a more muted response despite its proven profitability.
Gogo is presently available in 1,177 commercial planes.
This compares with just 30 planes in 2008, with the Itasca, Illinois-based company having signed contracts to offer internet connectivity on over 500 additional planes.
The company doubled revenue for the first nine months of this year to $72.9 million, swinging to a profit of $2.4 million.