February 8, 2019
Following its acquisition by Vista Global Holding in Q4 of 2018, North American private aviation operator XOJET has posted gains across all major performance categories in 2018. It is now claiming a 30 per cent share of the super-midsize Part 135 charter market for legs of three or more hours, while reporting eight per cent growth in total revenues and a 17 per cent increase in revenues from its brokerage operation. In the same year the company’s fleet grew to 43 super midsize aircraft, and its membership base surpassed 1,000 members.
“After another year as a leading provider of asset-light, private aviation solutions in the North American market, we are looking forward to future growth and expansion as part of Vista Global,” says president of commercial operations James Henderson.
Less than 18 months after its launch, XOJET Access Solutions reached over 1,000 total members across its three signature programmes: XOJET Select Access for occasional flyers, XOJET Preferred Access for flyers with more than 25 hours of travel each year, and XOJET Elite Access for frequent flyers who are looking for guaranteed rates and availability. XOJET Elite Access, XOJET's highest tier of membership, showed strong growth in 2018. Positioned as a refundable jet card pairing fixed hourly rates with guaranteed access to three classes of aircraft, the programme is conceived to provide XOJET members with an on-demand alternative to fractional ownership and conventional jet cards.
Two Citation Xs were added to the fleet last year, and XOJET's Preferred Partner Network fleet grew by 13 per cent. Now with on-demand access to over 1,500 of the industry's ARG/US and Wyvern-rated business jets, XOJET members have a wider range of airports and destinations to choose from. The company has also developed new relationships with a number of operators in Europe to strengthen its charter brokerage capacity.
Vista Global's network, which also includes European operator VistaJet, comprises 116 owned business jets, 1,500 employees and 20 offices worldwide.
“As part of the Vista Global group we will expand our service offering, product platform and fleet network, including our global presence, to advise and serve the world's growing number of private aviation consumers,” adds Henderson. “Being part of an at-scale global private aviation group will also provide some exciting new opportunities for our employees.”