Earlier this year XOJET put itself into play. Last week VistaJet launched a holding company with plans to expand. Voila, a deal!
Earlier this morning Thomas Flohr’s VistaJet announced it had reached an agreement to acquire XOJET via Vista Global, a Dubai based holding company formed earlier this month. The deal covers XOJET’s business aviation fleet and commercial operations, and the release said XOJET’s regulated air carrier will continue to be independently operated in a joint venture under U.S. control and leadership, in accordance with U.S. Department of Transportation criteria. As first reported by Private Jet Card Comparisons, earlier this year XOJET hired Perella Weinberg Partners to explore its ongoing business options.
Wheels Up offers companies a pay-as-you-go jet card membership program with hourly rates starting at $4,495 plus 7.5% FET
Wheels Up, which sells pay-as-you-go jet card membership programs, announced today the appointment of Sean McGeough as Executive Vice President heading its corporate sales activities. Wheels Up offers fixed hourly rates and guaranteed availability on its fleet of King Air 350i, Citation Excel/XLS and most recently the Citation X, which now gives it a cross-country nonstop solution.
XOJET says it completed a busy and successful first half of 2018 as it positions itself as a better option to fractional ownership
San Francisco-based XOJET said it saw 12% growth in total revenue during the first half of the year, including a record-breaking first quarter with year-over-year increases of 15% in overall business and 39.5% in Off-Fleet Charter Brokerage. The company says for the super-mid charter market in the United States it enjoys a 31% share of flights exceeding three hours occurring on the XOJET fleet. It has its own fleet of over 40 Bombardier Challenger 300s and Cessna Citation Xs.
XOJET Elite Access pricing starts at $5,500 per hour for a Light Jet ranging up to $8,500 per hour for Super Midsize, with discounts for flights over four hours
Sea Island, signature apparel designer Peter Millar, and Ship Sticks, a leading shipper for golf clubs, skis, and snowboards are now lifestyle partners for XOJET’s top two levels of jet card members. In an e-mail to customers, the company said, “This news follows our initiative to enhance the passenger journey with world-class experiences both in the sky and after landing.”
The fractional jet card and ownership seller continues to be busy on the lifestyle front with luxury travel and real estate partnerships
Yesterday and today we had two separate releases from NetJets, one announcing a new partnership, and a second extending one launched just last year. In the case of the newest addition, it comes within the family of parent Berkshire Hathaway as Berkshire Hathaway HomeServices New England, New York and Westchester Properties saying “agents and their clients will have access to NetJets benefits.”