Private Jet Card Comparisons - Know Before You Buy
Compare over 250 private jet card membership programs by 65 variables in 1 place
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.
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.
Vista Global Chairman and Founder Thomas Flohr answered back to this week’s Financial Times article, which highlighted the private jet provider’s increased debt, net losses, and cash position relative to customer deposits for future flights.
The Financial Times published this morning a lengthy front-page feature on VistaJet and XO parent Vista Global Holding titled, “Private jet disrupter: the debt-fuelled ascent of Thomas Flohr’s VistaJet.”
Vista Global says it saw strong sales in program hours as it continues the cabin upgrades to aircraft from operators it acquired
After selling a $500 million bond offering, XO and VistaJet’s parent Vista Global Holding says first quarter program sales jumped 55%.
