XOJET, Inc. Expands Fleet and Delivers Record First Quarter 2010 Financial Results
SAN CARLOS, Calif., April 19 /PRNewswire/ -- Business aviation leader XOJET, Inc. announces its first 2010 deliveries of two Bombardier Challenger 300 jets. These new deliveries join XOJET, Inc.'s current fleet of Challenger 300 and Citation X aircraft. These deliveries of customized Challenger 300s occurred during the strongest financial quarter in XOJET, Inc.'s history. In January, XOJET, Inc. experienced strong demand for its services resulting in a 31% increase in flight hours year-over-year, outpacing industry growth of 7%. XOJET, Inc. continued its strong performance in March with its most successful month to date and expects to continue to build on its first quarter momentum for the remainder of 2010.
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"Last year's market turbulence forced people to evaluate new aviation solutions, which worked in our favor," explains XOJET, Inc. CEO Blair LaCorte. "We are able to adapt to the market because our business model is flexible and offers our customers a customized portfolio of products in real time." LaCorte added, "We continue to add fresh talent to our team with the notable addition of Ben Murray, former EVP of NetJets Inc. and CEO of Executive Jet Management, who was recently named president of XOJET, Inc."
"These aircraft deliveries illustrate the demand for XOJET, Inc.'s services and the strength and efficiency of our business model," according to Murray. He added, "We offer a hybrid business model that combines on-demand charter along with membership programs without the capital investment required by many other firms while offering the highest level of customer service and precision in the industry. Further, we plan to continue to add planes during 2010 to meet growing demand for our services."
"We are excited to continue our delivery plan of XOJET Inc.'s customized Challenger 300 aircraft," explained Brant Dahlfors, Vice President, U.S. Sales, Bombardier Business Aircraft. "These aircraft feature 'Quiet Cabin' sound proofing, the Lufthansa NICE System and state-of-the-art entertainment systems that ensure the highest level of cabin comfort." Mr. Dahlfors added, "The cockpit in the XOJET, Inc. Challenger 300 aircraft includes advanced weather and turbulence avoidance electronics, and uses satellite technology to provide the safest and most comfortable ride possible." All of these customized elements are delivered in aircraft that are painted in a sleek white scheme, further distinguishing these aircraft as premier versions of Bombardier's Challenger 300 jets.
XOJET, Inc. is currently the number two private jet fleet operator in transcontinental flights in the U.S. employing over 100 full-time pilots, who logged over 8.5 million miles in travel last year. With operations primarily in North America, XOJET, Inc. currently operates worldwide with plans to expand further internationally. XOJET, Inc. serves five continents and more than 25,000 airports.
About XOJET, Inc.
Founded in 2006, XOJET, Inc. has quickly become one of the world's fastest growing private aviation companies, built on a unique business model that combines private jet ownership, membership and charter travel with a singular focus on providing the highest level of customer service at every point of the client experience. Among its clients, XOJET, Inc. is known for exceptional service, brand new jets, unmatched economics, and stringent safety practices. XOJET, Inc. is backed by TPG, a leading global private investment firm with over $45 billion of capital under management.
XOJET Inc.'s award-winning, in-house safety and maintenance program rivals the world's best commercial airlines, and has earned XOJET, Inc. the highest ranking in four key categories - more than any other operator - from Aviation Research Group. XOJET, Inc. has also been named a Robb Report "Best of Private Aviation" winner and one of Inc. Magazine's fastest growing companies. For more information, visit www.xojet.com or call 888-759-6538.
SOURCE XOJET, Inc.
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