XOJET Retains Perella Weinberg Partners To Explore Financial Options

Is XOJET in play? The company said it is looking at raising new funds, a merger, sale or strategic alliance.

 

In order to best position XOJET for continued growth and expansion, Perella Weinberg Partners has been engaged as a strategic advisor to explore a range of options that may include a capital raise, merger, sale of the company or a strategic alliance, according to a statement received by Private Jet Card Comparisons. The company was started in 2006 and has over 450 employees, 41 of its own aircraft and over 1,300 additional private jets in its broker network. The company has a 24/7 operations center spanning 21,000 sq. ft. in Sacramento, CA. The firm also recently completed the purchase of two Citation X aircraft and is planning to expand the fleet with additional aircraft acquisitions in 2018. Last year, it continued a refurbishment of its current fleet and launched a new membership fee model program. Current key investors include TPG Capital and Mubadala. 

XOJET Elite Access Adds Mid-Size And Light Jets; New $50,000 Select Access Private Jet Membership Launched

The cost of Light Jets is $5,500 per hour and $6,750 per hour for Mid-Size Jets in XOJET’s new Elite Access private jet membership program.

 

 

XOJET has posted on its website some details of its updated Preferred Access and Elite Access programs with the biggest changes around its Elite Access program which continues to require a $200,000 deposit. Private Jet Card Comparisons had previously reported the San Francisco-area based operator and broker was set to launch significant revisions to its programs. 

What Lessons Can You Learn From The Emergency Landing Of Jennifer Lawrence’s Private Jet?

Look both ways before you cross the street. It’s one of the first things your parents taught you and something every parent teaches their children. Jennifer Lawrence was fortunate that when her Hawker Beechcraft B400A flying from Louisville, Kentucky to Teterboro, New Jersey had to make an emergency landing in Buffalo, New York after an engine failure at 31,000 feet, she was on an airplane being flown by a highly respected operator.