After buying XOJET and then JetSmarter, last year Vista Global Holdings merged the two companies to create XO. Newly appointed chief commercial officer Ron Silverman talks about what’s next…
Recently, Vista Global Holdings (VCH) moved its president of client experiences, Ron Silverman, to its XO unit as the chief commercial officer. A veteran of both Executive Jet Management and Wheels Up, Silverman joined VistaJet in 2014 to lead its launch into the North American market.
Our 3.5-hour billing cap on super-midsize aircraft is a phenomenal value and great opportunity for anyone traveling cross country. On a Citation X, it’s $31,625, including taxi time, with guaranteed availability.
Ron Silverman, chief commercial officer, XO
Now following VCH’s acquisition of XOJET and JetSmarter, and rebranding the combined duo as XO, chairman Thomas Flohr is promising an expansion of the brand to Europe, plus a range of new programs.
Business Jet delivers reached their highest total since 2009, according to the General Aviation Manufacturers Association
Many of the new aircraft will find their way to both fleet and fractional operators providing access to shareowners and jet card customers
Glory days, well, they’ll pass you by
Glory days, in the wink of a young girl’s eye
– Bruce Springstein
No doubt, many of those involved in manufacturing private jets recall fondly 2008. That’s when the industry delivered 1,317 new business jets. It was an increase from 2007’s then-record mark of 1,137 new private jets delivered. That busted the 2006 numbers, also a then-record of 887 units delivered.
With the Great Recession, deliveries of new private jets dropped to 874 units in 2009, even more to 767 in 2010, then 696 in 2011, before bottoming out in 2012 at 672 aircraft.
Following its $128 million raise last month, and acquisition of Travel Management Company with 24 light jets over the summer, Wheels Up has made a tech buy
Wheels Up has acquired Avianis Systems, LLC, for an undisclosed amount. It comes just six weeks after raising $128 million in a Class D Equity Round giving the New York-based private aviation membership company a billion-dollar valuation. The deal was first reported by Corporate Jet Investor in advance of its Revolution.aero conference being held today and tomorrow in San Francisco.
Booking a private jet should be as easy as booking a car with Uber or booking a home with Airbnb
Kenny Dichter, CEO, Wheels Up
Avianis, according to its website, provides a comprehensive platform approach to managing a complete flight operation in one system. In its pitch to its B2B customers, it claims, “This enables a more holistic and cyclical view of the entire business that allows you to stay in touch with every detail of your business in one web-based platform.”
After the June merger of JetSmarter and XOJET, the new FlyXO.com has been tweaking the jet sharing part of its offering
Vista Global is continuing to put its stamp on its XO brand since merging JetSmarter and XOJET at the beginning of the summer. First, it added JetSmarter’s jet sharing functionality to the former XOJET dynamic jet card pricing memberships.
The move meant that XO Select and Signature memberships could all of a sudden share seats on flights they had booked with their deposits. Elite members who get fixed rates can’t share seats on those flights, but otherwise, get all the perks a JetSmarter member received.
XO also tweaked Select Access and non-member options. In essence, there are two versions of Select Access. But the big news is non-members can now book seats on at least some empty legs.
The new program follows its light jet program introduced earlier this year.
When Wheels Up’s Kenny Dichter told Squawk Box on CNBC in January that it was working on strategic initiatives, common wisdom in the industry was the founder and CEO was following a similar move by XOJET in 2018, which ultimately led to its acquisition by Vista Global and merger with JetSmarter.
Will any light jet do, or would it be better to have a specific type such as the Embraer Phenom 300?
While there are many variables that separate the over 300 jet cards in the Private Jet Card Comparisons database – over 65 in fact, one difference means a lot to some people and nothing to others.
However, for both types of buyers, choosing the wrong type of program can make for a less than enjoyable experience despite the provider’s overall merits. Figuring it out before you sign can both save you money and make sure the program fits your mission needs.
There are essentially two ways that available aircraft are structured for fixed-rate (and usually guaranteed availability) programs by jet card providers.
One is by cabin-class or size. When buying into a cabin class you are assured of getting an aircraft in that class or larger if you are lucky enough be upgraded based on operational needs.
The other is by specific aircraft make or type, for example, you are buying into an Embraer Phenom 300. So while the provider may let you fly in other types, you know when you want a Phenom 300, you’re going to get a Phenom 300 and not some other type of light jet.
The four most searched private aviation companies on Google are very different, although they also have some similarities
In the world of private aviation solutions – fractional ownership, leases, jet cards, memberships, seat sharing, semiprivate airlines, and so forth, four companies have generated the most interest, according to Google Trends. Surprisingly, perhaps, they are each quite different once you get past the fact that they all want to fly you somewhere.