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

XOJET
IATA ICAO Callsign
XOJ EXOJET
Founded2006
AOC #AWKA298C[1]
Fleet size180
HeadquartersFort Lauderdale, Florida, United States
Key peopleAndreas Mauritzson, President & COO
Todd Hattaway, SVP Maintenance Operations
Jay Heppner, VP Flight Operations & DO
Jen Lozada, VP Client Services
Mary Harshbarger , Director of Safety
Keith Krach, Co-Founder
Websitexojetaviation.com

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]

TPG Capital acquired XOJet in 2009.[7]

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. [14]

In August of 2017, XOJET had more than 7,000 clients worldwide.[15]

In June 2019, Vista Global merged XOJET with JetSmarter rebranding the combined entity as XO. [16]


Investors


XOJET is owned and controlled by TPG Capital and Mubadala, two of the world's largest private capital investors.[17][18]

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 Bombardier Challenger 300 approaching Newark Liberty International Airport.
An XOJET Cessna Citation X approaching McCarran 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. "XOJET INC - Aircraft Operator". Avionops.com. Retrieved March 20, 2022.
  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. "XOJET Elite Access Adds Mid-Size and Light Jets; New $50,000 Select Access Private Jet Membership Launched". July 10, 2017.
  15. Larsen, Keith (August 9, 2017). "Private jet charter company opens office at Palm Beach airport". South Florida Business Journal. Retrieved February 19, 2021.
  16. Private Jet Card Comparisons https://privatejetcardcomparisons.com/2019/06/27/xojet-jet-smarter-combined-flyxo-new-website/
  17. Lattman, Peter (May 19, 2008). "XOJet Gets $2.5 Billion for Expansion". Wall Street Journal. ISSN 0099-9660. Retrieved September 1, 2022.
  18. "XO Jet becomes part of Vista group | Times Aerospace". www.timesaerospace.aero. Retrieved September 1, 2022.
  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
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