XO, formerly XOJET, is an on demand private jet company based 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 largest city in Broward County with a population of 182,760 at the 2020 census, making it the tenth ...

. XO offers clients private charters and the ability to purchase individual seats on shared flights, as well as a fixed-price membership program that are alternatives to jet cards and

fractional ownership of aircraft A fraction is one or more equal parts of something. Fraction may also refer to: * Fraction (chemistry), a quantity of a substance collected by fractionation * Fraction (floating point number), an (ambiguous) term sometimes used to specify a part ...

., in the same market as competitors

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

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. Backgro ...

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 flight hours to use per year, 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 ...

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth c ...

acquired XOJet in 2009. 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. In August of 2017, XOJET had more than 7,000 clients worldwide. In June 2019, Vista Global merged XOJET with

JetSmarter JetSmarter was a corporation and mobile application for private jet users. The company was headquartered in Fort Lauderdale, Florida, United States. The app connected users to available aircraft and routes in the United States, Europe and Midd ...

rebranding the combined entity as XO.

Investors

XOJET is owned and controlled by

and

Mubadala Mubadala Investment Company PJSC ( ar, شركة مبادلة للاستثمار), or simply Mubadala, is an Emirati state-owned holding company that acts as a sovereign wealth fund. The company was established in 2017 when then-named Mubadala Dev ...

, two of the world's largest private capital investors. 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, the parent company of VistaJet said it had reached an agreement to acquire the fleet and commercial operations of XOJET. In July 2021 Vista Global announced an 82% year-on-year increase in XO deposit members.

Fleet

XOJET Bombardier Challenger 300 N538XJ approaching Newark Airport

N753XJ Cessna Citation X (cn 750-0053) (6836782920)

XOJET owns and operates

Bombardier Challenger 300 The Bombardier Challenger 300 is a range business jet made by Bombardier Aerospace. Announced at the 1999 Paris Air Show, it made its maiden flight on 14 August 2001, received its Canadian type approval on 31 May 2003 and was introduced on 8 J ...

and

Cessna Citation X The Cessna Citation X is an American business jet produced by Cessna and part of the Citation family. Announced at the October 1990 NBAA convention, the Model 750 made its maiden flight on December 21, 1993, received its type certification on ...

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

Hawker 400 The Hawker 400 (also known as the Beechjet 400) is a light business jet. Initially designed and built by Mitsubishi, it has been further developed and updated by the Beech Aircraft Company, now part of Textron Aviation. It was produced over 3 ...

XP,

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

XP and

Gulfstream V The Gulfstream V (Model GV, pronounced "G-five") is a long-range, large 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 cr ...

Services

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

{{DEFAULTSORT:Xojet Fractional aircraft ownership companies Airlines based in Florida Charter airlines of the United States Airlines established in 2006