The moves follow the merger of XOJET and JetSmarter earlier this summer
Two former top executives are exiting XO, formerly XOJET, following its recent combination with JetSmarter. Gregg Slow, president of enterprise at XO has left while James Henderson, president of commercial operations will join Exclusive Resorts LLC as CEO in October it was announced last week.
Vista Global’s move to combine XOJET and JetSmarter under a new brand, XO, and new website, FlyXO.com, has brought some significant changes for jet-card customers. Here are the details.
The revised XO jet cards expand light and midsize programs nationwide and offer a new discount structure for longer flights
Thomas Flohr’s Vista Global group has been moving fast. Since the founder of VistaJet set up a Dubai-based holding company last September, he bought XOJET and JetSmarter. Then last month, he merged the two companies into a new brand, XO, and a new website, FlyXO.com.
The result has been an integration of JetSmarter’s Instant Booking private jet charter rates and seat sharing options into XOJET’s existing jet cards, potentially providing customers with a wider variety of options.
Of course, the devil is usually in the details. But first, a quick review of the program basics.
FlyXO.com is the new website that combines the two Vista Global acquisitions into a new single platform
“…a new company, new brand, new products…” – Thomas Flohr, chairman
Vista Global has merged its recently acquired XOJET and JetSmarter brands into something it is calling XO, powered by JetSmarter technology, and something it is saying is “the beginning of a new world, with instant booking and worldwide access for on-demand customers.”
Visitors to both the XOJET.com and JetSmarter.com websites as of this morning are redirected to a new FlyXO.com URL.
PrivateFly is expanding its fixed-rate, one-way flight pricing for the summer using the Challenger 300
PrivateFly is offering fixed-rate, one-way pricing for two key cross-country routes this summer using the Bombardier Challenger 300. Price is $29,000 for a one-way charter of the whole aircraft, which seats eight. The move follows its rollout of similar by the flight fixed prices under the City Pairs banner in Europe.
The owner of XOJET and VistaJet will use funds to pay debt due in 2020 and 2021
Debtwire is reporting VistaJet Malta Finance PLC and XO Management Holding Inc., units of Dubai-based Vista Global Holdings, successfully sold $550 million in senior unsecured bonds earlier this week. The news service, which covers the worldwide debt market, said Vista had to increase the coupon of the deal due to investor concerns about the cyclical nature of private aviation and UHNW spending during a downturn.