VistaJet renews Scuderia Ferrari partnership

VistaJet Ferrari partnership

The global non-ownership private jet provider is extending its partnership for a second year

Ever active in its marketing, VistaJet announced it will continue its partnership with Scuderia Ferrari for a second year as official supplier of private jet travel.

In a press release, the private jet fleet operator said, “With the ever-demanding race calendar and often only days between Grands Prix, the team faces challenging timelines. VistaJet will support the team to optimize their travel and transfer times throughout the 2020 Formula One season.”

Wheels Up, Jet Linx, and XO: Comparing the private jet sharing options

Shared private jet charters offer big savings. Are they ready to take off? An in-depth comparison of the three major shared flight providers.

Jet Linx says last year it flew 40,000 empty seats; XO says it has sold over 160,000 single seats on shared flights

Sharing half of your flights between New York and South Florida during the winter could save as much as $75,000

Restrictions in jet sharing may mean it’s not right for you

Can you fly for the same price as first-class with the airlines?

Everyone wants to fly privately, says Kenny Dichter, the CEO and co-founder of Wheels Up. And the idea is the cheaper it is to fly privately, the more people who will do it. Dichter says that was his idea using the eight-seat King Air 350i to “democratize” short flight.

In the world of chartering your entire aircraft, he cut the price for a one-hour flight for eight people to around $5,000 compared to a cost of $8,000 to $10,000 for the same trip on a jet. His argument was that there was a minimal time penalty since landings and takeoffs are not at full speed, and often as you get near to your destination airport, airplanes are slowed down to similar speeds.

Is Vista Group about to buy JetSmarter?

JetSmarter XOJET Vista Global Vistajet

Flight sharing and charter broker JetSmarter says it is being targeted by ‘unethical competitive practices’

A report in the New York Post yesterday picked up on industry rumors bouncing around the last couple weeks that JetSmarter would be sold to Vista Group, a Dubai-based holding company formed last September which was used as a vehicle to acquire XOJET weeks later. The report cited undisclosed sources claiming, “Both insiders identified roll-up artist Vista Global as the likely acquirer. But if talks between the two parties fail, and JetSmarter fails to secure additional financing, the sources said it could be forced into bankruptcy.”

XO (formerly XOJET)

xo jet pricing

XO (formerly XOJET and JetSmarter) Overview

Year Founded2006
LeadershipThomas Flohr, Chairman of parent Vista Global Holding
Beth Stebenne, Chief of Staff
Raja Khurana, Chief Commercial Officer
Lezlea List, Executive Vice President, Sales
Lynn Fischer, Chief Marketing Officer
HeadquartersNew York, NY
Jet Card Hourly RatesLight Jets from $5,500 per hour, including FET
Related ProductsOn-demand ChartersEmpty Legs, By-the-Seat
Related CompaniesVista Global Holding (parent), Apollo Jets, Red Wing Aviation, Talon Air, VistaJet, XOJET Aviation

XO traces its routes to 2006 when it was founded as XOJET Aviation based in Northern California. TPG Capital and Aabar PJS, two large private capital investors, sold the company to Dubai-based Vista Group Holding in 2018. It is a sister company of VistaJet. Prior to the sale of XOJET, it had built an on-fleet and off-fleet model, with over $100 million in brokerage sales.

In June 2019, its brokerage was merged with JetSmarter, another Vista Global acquisition. The new brand was named XO Global LLC, and the website URL was changed to FlyXO.com.

XO offers a wide spectrum of programs from fixed-rated offerings on its fleet of super-midsize private jets (Citation X and Challenger 300) and off-fleet on light and midsize jets.

XOJET
XO is the combination of XOJET’s brokerage and JetSmarter following the acquisition of both by Vista Global Holdings in 2018 and 2019.

It also offers dynamically priced memberships, shared flights, and the ability to buy single seats on private jets. It has been a leader in jet sharing flights, pushing the democratization of private aviation.

Recently its parent Vista Global acquired a minority interest Red Wing Aero, with plans to build its fleet of light jets. It also acquired Apollo Jets, a larger private jet charter broker, which is now a subsidiary of XO Global.

With the Apollo acquisition, Vista Global gained a minority interest in Talon Air, a top 20 Part 135 charter operator. XOJET, Red Wing and Talon Air operated aircraft are used in XO programs. Additionally, it uses third-party charter operators.

As a foreign entity, Vista Global is barred from holding a majority stake in U.S. airlines, including charter carriers. However, it owns both the XO charter and jet card brokerage, and aircraft in the XOJET and Red Wing fleets. Talon Air is a mix of owned and managed private jets.

XO is included in Private Jet Card Comparisons’ database of over 50 jet card providers, enabling you to compare programs in minutes.

When was it founded?

XOJET was founded in 2006, and became XO Global LLC after merging with JetSmarter in 2019. XOJET Aviation is a separate company that operates aircraft owned by Vista Global Holding, including the former XOJET fleet.

Who owns it?

Vista Global Holding based in Dubai

Who is the CEO?

Thomas Flohr is chairman of parent Vista Global

How are aircraft sourced?

XO uses XOJET Aviation to operate its owned fleet of Challenger 300 and Citation X private jets. Additional aircraft are sourced through its preferred network of charter operators. It also sources aircraft from related charter operators Red Wing Aviation and Talon Air.

What are the initiation and membership fees?

Select Access starts at $5,000 per year. Preferred Access and Elite Access each have a $3,000 initiation fee. Monthly membership fees range from $250 to $2,000.

What is the entry-level program?

XO Select Access is $50,000 and targets full private jet charter customers with dynamic pricing. Elite Access is its fixed-rate program based on a $100,000 deposit.

Do they provide guaranteed availability?

On some programs

Is the hourly rate guaranteed?

On some programs

Can jet card holders/members use multiple aircraft at the same time?

On some programs

What is the company website?

www.flyxo.com

Where is their headquarters?

 New York, NY

Contact a Sales Executive at XO

Latest XO News

The latest news and updates from XO:

Loading…

Something went wrong. Please refresh the page and/or try again.

%d bloggers like this: