XOJET Aviation LLC

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XOJET
XOJET Logo 021308 ® Small Blk.png
IATA ICAO Callsign
XOJ EXOJET
Founded2006
AOC #AWKA298C[1]
Fleet size43
HeadquartersFort Lauderdale, Florida, United States
Key peopleKevin Thomas, President & COO
Todd Hattaway, SVP Maintenance Operations
Tyler Stubblefield, VP Flight Operations & DO
Jen Lozada, VP Client Services
Jill Wilson, Director of Safety
Keith Krach, Co-Founder
Websitehttps://www.xojet.com

XO, formerly XOJET, [2] is an on demand private jet company[3][4] based in Fort Lauderdale, Florida.[5]

XO offers clients private charters and the ability to purchase individual seats on shared flights,[6] as well as a fixed-price membership program that are alternatives to jet cards and fractional ownership of aircraft.[7][8], in the same market as competitors NetJets and Flexjet.[9]

History[]

XOJET was founded in 2006[10] by Paul Touw[11] and Keith Krach[12] as a private jet charter company with customers purchasing a set number of flight hours to use per year, similar to fractional ownership.[13] XOJet was founded created an alternative to fractional jet ownership while still offering flexibility and personalized service.[14]

TPG Capital acquired XOJet in 2009.[15]

In July 2017, XOJET launched Select Access, a new $50,000 level. It also added Light and Mid-Size type jets to its Elite Access program and instituted membership and monthly fees. [16]

In August of 2017, XOJET had more than 7,000 clients worldwide.[17]

In June 2019, Vista Global merged XOJET with JetSmarter rebranding the combined entity as XO, powered by JetSmarter technology [18]

Investors[]

XOJET is owned and controlled by TPG Capital and Mubadala, two of the world's largest private capital investors.[citation needed]

In February 2017, XOJET said it had retained Perella Weinberg Partners to explore financial options, including a possible sale or merger. [19]

On September 20, 2018, Vista Global, the parent company of VistaJet said it had reached an agreement to acquire the fleet and commercial operations of XOJET.[20] In July 2021 Vista Global announced an 82% year-on-year increase in XO deposit members.[21]

Fleet[]

An XOJET Bombardier Challenger 300 approaching Newark Liberty International Airport.
An XOJET Cessna Citation X approaching McCarran International Airport.

XOJET owns and operates Bombardier Challenger 300 and Cessna Citation X jets.[22]

Through a preferred operator partnership program, XOJET has access to 1,450+ private aircraft; available types include the Hawker 400XP, Hawker 800XP and Gulfstream V.[23]

Services[]

The company offers a number of private jet charter programs that allow customers to choose their arrival and departure points. [24]

References[]

  1. ^ http://avionops.com/aircraft_operator.php?op=XOJET+INC&state=CA
  2. ^ Calvey, Mark (January 29, 2020). "Bay Area private jet company takes headquarters to Florida". San Francisco Business Times. Retrieved February 14, 2021.
  3. ^ Rosenbloom, Stephanie (August 22, 2013). "Private Flying for (Some of) the Rest of Us". The New York Times. Retrieved February 23, 2021.
  4. ^ French, Sally (July 30, 2020). "Afraid of Airlines? There's Always the Private Jet". The New York Times. Retrieved February 23, 2021.
  5. ^ Bandell, Brian (January 27, 2020). "Aviation firm to relocate to Fort Lauderdale, create 250 jobsl". South Florida Business Journal. Retrieved May 21, 2021.
  6. ^ Williamson, Carrie (September 25, 2020). "Fly Private, Do Safely". Leader's Edge Magazine. Retrieved February 14, 2021.
  7. ^ Burger, Jeff (February 2013). "The XOJET Difference". Business Jet Traveler. Retrieved February 19, 2021.
  8. ^ Calvey, Mark (September 20, 2018). "New owner of Peninsula's XOJet wants to go after America's billionaire set". San Francisco Business Times. Retrieved February 19, 2021.
  9. ^ Takahashi, Dean (November 25, 2008). "Silicon Valley's airline: XOJET takes off as corporate jets lose favor". Venture Beat. Retrieved February 19, 2021.
  10. ^ Lattman, Peter (May 19, 2008). "XOJet Gets $2.5 Billion for Expansion". The Wall Street Journal. Retrieved February 23, 2021.
  11. ^ "XOJet starting joint venture in Middle East". AIN Online. May 19, 2008. Retrieved February 19, 2021.
  12. ^ "Most Admired CEOs 2015". BizJournals. Retrieved September 20, 2021.
  13. ^ Harrison, Kirby (September 28, 2006). "Economies of scale drive Xojet business model". AIN Online. Retrieved February 19, 2021.
  14. ^ Young-Brown, Fiona. "XOJet Celebrates Ten Year Anniversary with Record Growth". SherpaReport. Retrieved September 20, 2021.
  15. ^ Burger, Jeff (February 2013). "The XOJET Difference". Business Jet Traveler. Retrieved February 19, 2021.
  16. ^ "XOJET Elite Access Adds Mid-Size and Light Jets; New $50,000 Select Access Private Jet Membership Launched". July 10, 2017.
  17. ^ Larsen, Keith (August 9, 2017). "Private jet charter company opens office at Palm Beach airport". South Florida Business Journal. Retrieved February 19, 2021.
  18. ^ Private Jet Card Comparisons https://privatejetcardcomparisons.com/2019/06/27/xojet-jet-smarter-combined-flyxo-new-website/
  19. ^ https://privatejetcardcomparisons.com/2018/02/15/xojet-retains-perella-weinberg-partners-to-explore-financial-options/ Private Jet Card Comparisons
  20. ^ Private Jet Card Comparisons https://privatejetcardcomparisons.com/2018/09/20/vistajet-parent-vista-global-acquires-xojets-fleet-and-commercial-operations/
  21. ^ Siebenmark, Jerry. "Vista Global Notes Record Growth in First-half 2021". Aviation International News. Retrieved August 13, 2021.
  22. ^ Bloomberg, The Private Jet That Feels Like a Fighter Jet. Retrieved March 20, 2015
  23. ^ "XOJet Celebrates Ten Year Anniversary with Record Growth". www.sherpareport.com. Retrieved May 20, 2016.
  24. ^ WSJ Market Watch, XOJET Announces XOJET Elite Access(TM)--The Next Generation in Guaranteed Private Jet Programs, Retrieved March 30, 2012

External links[]

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