XOJET Achieves 77% Growth in the Second Half of 2012 While Industry Remains Flat
Extends Platinum Partner Network; Adds Corporate Shuttle Service
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San Francisco – January 16, 2013 – XOJET, Inc., a leader in private aviation services, today announced that it achieved 77% year-over-year growth in on-fleet flight hours during the second half of 2012. During the same period, the U.S. private aviation industry contracted, flying 3% fewer hours according to data from the Federal Aviation Administration.* 2012 is the third consecutive year in which XOJET has exceeded the growth rate of the overall private aviation industry. During this time, XOJET has more than tripled its share of the market.
"Our growth over the last several years has largely been organic, driven by enthusiastic XOJET clients referring their friends and colleagues to us," said Blair LaCorte, XOJET CEO. "The level of support and interaction we have with our clients is invaluable and extremely gratifying, as we are building our business in partnership with our clients."
Another growth driver in Q4 2012 was the enhancement of the popular XOJET Preferred Access™ program. These well-received improvements—including new guaranteed pricing options—enable clients to have greater control and flexibility in addressing their aviation needs.
"In response to customer input, we redesigned the XOJET Preferred Access™ program to provide more balance between flexible market-rate pricing and guaranteed fixed-price access to the XOJET fleet," said Ted Botimer, XOJET SVP of Revenue Management. "There isn't anything else like XOJET Preferred Access™ available today and response to the program enhancements has been overwhelming."
In December 2012, XOJET also announced that it continues to enhance its distribution capabilities by adding another member to its Platinum Partner Network: TWC Aviation. As the newest member of the XOJET Platinum Partner Network, TWC Aviation will become a premium reseller of XOJET's popular flight programs, such as XOJET Preferred Access™, XOJET Elite Access™ and XOJET Coast2Coast™. The alliance gives TWC Aviation clients exclusive access, fixed-rate pricing, and immediate answers to availability on the XOJET fleet of more than 50 aircraft, and XOJET clients will receive preferred access to TWC Aviation aircraft ownership, management, and private jet sales and acquisition services.
In addition, XOJET recently established a new corporate shuttle operation. This new shuttle service is designed to assist corporate flight departments in the management of complex shuttle operations and is on-track to serve nearly 200,000 shuttle passengers in 2013, making it one of the largest employee aircraft shuttle service operators in the United States.
* Based on FAA data for total flight hours flown for all for-hire flying completed from July 1, 2012, through December 31, 2012, relative to the same time period in 2011.
XOJET, a TPG portfolio company founded in 2006, has become one of the fastest-growing private aviation companies in history, serving more than 5,000 customers worldwide. Our unique business model combines flexible private jet programs, and fixed-price charter with a singular focus on providing the highest level of customer service at every point of the client's experience. XOJET's commitment to safety leadership has earned the highest safety ratings in the industry. XOJET is the only business aviation provider to rank either #1 or #2 in all twelve ARG/US Platinum safety rating categories. XOJET is the first and only private aviation operator to enable its entire fleet of Citation X and Challenger 300 jets with complimentary in-flight Wi-Fi Internet connectivity. XOJET is also an active member of the National Air Transportation Association (NATA) Presidents Council. For more information, please visit www.xojet.com.