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Press Release

XOJET Announces Promotion of Bradley Stewart to Chief Executive Officer

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San Francisco – February 5, 2013 – XOJET, Inc., the leader in private aviation services, today announced that Bradley Stewart has been promoted to Chief Executive Officer of the company, effective February 7. Stewart has been President of XOJET since 2010. Prior to joining the company, he was an executive with Parthenon Capital Partners and McKinsey & Company. Current CEO Blair LaCorte will remain active with the company as a member of the Board of Directors.

"We are very excited to announce Brad's promotion. He has demonstrated the leadership, client focus and operating skill required to guide the company to its next level," said Mr. LaCorte. "Furthermore, Brad has had a passion for aviation since childhood – one of his first jobs was fueling jets on the ramp at Executive Aviation in Eden Prairie, Minnesota. And as a pilot and aviation enthusiast, he understands the priorities of safety, consistency and predictability. He has a strong sense of appreciation and respect for our pilots and operations personnel and the critical role they play in XOJET's continued success."

"Blair is a true friend and mentor, and someone I respect very much. He cares deeply about the XOJET family. We are fortunate that he will remain involved with the company and on its board," said Mr. Stewart. "The entire XOJET team – along with many valued industry partners – has spent the last three years working hand in hand, refocusing and repositioning XOJET to win and thrive in a challenging and evolving industry. We will continue to work together to find innovative ways to meet and exceed the expectations of our clients, partners, and investors. I feel fortunate to have the opportunity to lead this exceptional XOJET team and to drive our vision forward. I am very optimistic for XOJET's future."

"Speaking for the Board of Directors, I want to congratulate Brad and express our sincere and heartfelt appreciation for the job Blair has done as CEO during his tenure," said Bill McGlashan, Chairman of XOJET's Board of Directors and Managing Partner at TPG. "Blair is a true leader. He came in to build a team and develop the business and has done a great job with both. Above all else I believe Blair and Brad have created a special culture at XOJET that values people and encourages them to work across functions to find solutions and deliver superior service. Blair has put XOJET on a path for continued success and we are confident that Brad is the leader to take the company forward."

Mr. LaCorte will retain his role as Senior Advisor to TPG, where he has been affiliated since 2005.

About XOJET

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 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. For more information, please visit www.xojet.com.

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