XO (formerly XOJET) is a US-based private aviation company and subsidiary of Vista Global with its headquarters in

Fort Lauderdale, Florida Fort Lauderdale ( ) is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and most populous city in Broward County, Florida, Broward County with a population of 182,760 at the ...

. XO, with a worldwide fleet access of more than 1,450 private aircraft, offers clients on-demand private jet charters with fixed-price membership programs as alternatives to jet cards and

fractional ownership of aircraft Fractional ownership of aircraft is an arrangement in which multiple owners share the use and costs of purchasing and operating an aircraft. Several management companies provide fractional ownership programs for aircraft, including NetJets, Flexj ...

. The company also offers the ability to purchase individual seats on pre-arranged, shared flights.

Services

XO is an on-demand private jet company. It operates in the same market as competitors

NetJets NetJets Inc. is an American company that sells Fractional ownership of aircraft, fractional ownership shares in private business jets. Founded as Executive Jet Airways in 1964, it was later renamed Executive Jet Aviation. NetJets became the ...

and

Flexjet Flexjet is an American provider of fractional ownership aircraft, leasing, and jet card services. Founded in 1995 as a division of Bombardier Aerospace, it is currently owned by Directional Aviation, an aviation private investment firm. Backg ...

. The company offers a number of private jet charter programs that allow customers to choose their arrival and departure points. In July 2017, XOJET launched Select Access, a new $50,000 membership level; added lite- and mid-size jets to its Elite Access program; and instituted a program for membership with monthly fees. In August of that year, XOJET reported it serviced more than 7,000 clients worldwide.

History

XOJET was founded in 2006 by Paul Touw and Keith Krach as a private jet charter company with customers purchasing a set number of annual flight hours, similar to

fractional ownership Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reason ...

. The company is based in Fort Lauderdale, Florida.

Acquired

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm in ...

and

Mubadala Mubadala Investment Company PJSC (), or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established in 2017 when then-named Mubadala Developme ...

, two of the world's largest private capital investors, acquired XOJet in 2009. They shared a controlling interest in the company. In February 2017, XOJET said it had retained Perella Weinberg Partners to explore financial options, including a possible sale or merger.On September 20, 2018, Vista Global (founded by

Thomas Flohr Thomas Flohr (born 17 March 1960) is a Swiss billionaire businessman and amateur racing driver. He is the founder and chairman of VistaJet, a private jet charter company. As of March 2018, ''Forbes'' estimated his net worth to be US$2.3 billion. ...

in 2018 and the parent company of VistaJet), said it had reached an agreement to acquire the fleet and commercial operations of XOJET. In April 2019, Vista purchased the Florida-based mobile booking app developer JetSmarter. Vista took controlling interest in XOJET in June 2019. With this purchase, Vista Global became the third-largest charter operator in the US. Vista Global shortly afterward merged XOJET with JetSmarter, powered by JetSmarter technology. In 2019, the combined entity was rebranded as XO. In July 2021, Vista Global announced an 82% year-on-year increase in XO deposit-members.

Fleet

XO owns and operates Bombardier Challenger 300 and

Cessna Citation X The Cessna 750 Citation X is an American mid-size business jet produced by Cessna; it is part of the Cessna Citation family, Citation family. Announced at the October 1990 National Business Aviation Association, NBAA convention, the Model 750 m ...

jets. Through a preferred operator partnership program, XO has access to 1,450+ private aircraft; available types include the Hawker 400XP,

Hawker 800 The Hawker 800 is a mid-size twinjet corporate aircraft. It is a development of the British Aerospace 125, and was assembled by Hawker Beechcraft. Development In April 1981, the British Aerospace (BAe) board sanctioned the programme to improve t ...

XP and

Gulfstream V The Gulfstream V (Model GV, pronounced "G-five") is a large, long-range business jet aircraft produced by Gulfstream Aerospace, derived from the previous Gulfstream IV. It flies up to , up to and has a range. It typically accommodates four c ...

References

External links

Official website
{{DEFAULTSORT:XO Aviation Fractional aircraft ownership companies Airlines based in Florida Charter airlines of the United States Airlines established in 2006