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.

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“"Many years ago, our company founder, Al Conklin, sold a new twin-engine business aircraft to a very successful entrepreneur. He had established a bit of a rapport with the individual and, after the sale, asked him straight out, 'How can you justify the cost of this airplane?' His reply? 'What is the cost of a divorce?'"–David Wyndham, president, Conklin & de Decker”

-David Wyndham