XO (formerly XOJET) is a US-based private aviation company and subsidiary of Vista Global with its headquarters in Fort Lauderdale, Florida. XO, with a worldwide fleet access of more than 1,450 private aircraft, offers clients on-demand private jet charters with fixed-price membership programs as alternatives to jet cards and fractional ownership of aircraft. The company also offers the ability to purchase individual seats on pre-arranged, shared flights.
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| Founded | 2006 | ||||||
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| AOC # | AWKA298C[1] | ||||||
| Fleet size | 180 | ||||||
| Parent company | Vista Global | ||||||
| Headquarters | Fort Lauderdale, Florida, United States | ||||||
| Key people | Andreas Mauritzson, President & COO | ||||||
| Founder | Paul Touw, co-founder Keith Krach, Co-founder | ||||||
| Website | flyxo | ||||||
Services
XO is an on-demand private jet company.[2][3] It operates in the same market as competitors NetJets and Flexjet.[4]The company offers a number of private jet charter programs that allow customers to choose their arrival and departure points.[5][6][7][8]
In July 2017, XOJET launched Select Access, a new $50,000 membership level; added lite- and mid-size jets to its Elite Access program; and instituted a program for membership with monthly fees.[9] In August of that year, XOJET reported it serviced more than 7,000 clients worldwide.[10]
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History
XOJET was founded in 2006[11] by Paul Touw[12] and Keith Krach[13] as a private jet charter company with customers purchasing a set number of annual flight hours, similar to fractional ownership.[14] The company is based in Fort Lauderdale, Florida.[15][16][17]
Acquired
TPG Capital and Mubadala, two of the world's largest private capital investors, acquired XOJet in 2009.[18][19] They shared a controlling interest in the company.[7]
In February 2017, XOJET said it had retained Perella Weinberg Partners to explore financial options, including a possible sale or merger.On September 20, 2018, Vista Global (founded by Thomas Flohr in 2018 and the parent company of VistaJet), said it had reached an agreement to acquire the fleet and commercial operations of XOJET. In April 2019, Vista purchased the Florida-based mobile booking app developer JetSmarter.[17][20][21][22]
Vista took controlling interest in XOJET in June 2019. With this purchase, Vista Global became the third-largest charter operator in the US.[23][24][25] Vista Global shortly afterward merged XOJET with JetSmarter, powered by JetSmarter technology.[26][27] In 2019, the combined entity was rebranded as XO.[28] In July 2021, Vista Global announced an 82% year-on-year increase in XO deposit-members.[29]
Fleet
XO owns and operates Bombardier Challenger 300 and Cessna Citation X jets.[30] Through a preferred operator partnership program, XO has access to 1,450+ private aircraft; available types include the Hawker 400XP, Hawker 800XP and Gulfstream V.[31]
References
