XOJet Goes on a Buying Spree

Business Jet Traveler » December 2007
Cessna CEO Jack Pelton (left) inks a big deal with XOJet CEO Paul Touw.
Saturday, December 1, 2007 - 4:00am

XOJet-a provider of business jet ownership, leasing and on-demand travel solutions-is expanding its fleet of Cessna Citation Xs. The company, which expects to own 17 of the Citations by the end of this year, has ordered 30 more of the high-speed, super-midsize jets, which are valued at a total in excess of $600 million. San Carlos, Calif.-based XOJet said the 30 aircraft will be delivered from the first quarter of 2008 through the fourth quarter of 2010. The company has also ordered 20 Bombardier Challenger 300s and taken options for another 60, a deal valued at about $1.9 billion. Deliveries are scheduled to start in 2008. XOJet expects its fleet to include 127 business jets by 2012.

Share this...

Add your comment:

By submitting a comment, you are allowing AIN Publications to edit and use your comment in all media.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
 

Quote/Unquote

“"I've got a list of corporations that have gotten out of their airplanes [because of criticism from politicians]. It is the stupidest thing I've ever seen. When you look at the time and cost savings; it does not make sense not to fly [privately]. You can't let public perception interfere with your business decision to fly. It either is a good business decision or it isn't."”

-business aviation entrepreneur Nick Popovich