Today at the National Business Aviation Association (NBAA)
convention XOJET, the world's fastest-growing private aviation
company, announced the order of 20 Bombardier Challenger 300 jets with
options for an additional 60 aircraft valued at approximately $1.9
billion based on list price. This is the largest order of Bombardier
super-midsize jets in history.
By expanding its growing fleet to include the Challenger 300,
XOJET now offers its customers the choice of the most spacious cabin
in the super-midsize class. Because of strong early demand, XOJET is
offering its existing ownership and lease customers priority access to
the new jets. Challenger 300 aircraft deliveries will begin in 2008.
"Our breakthrough model for private aviation has gained the
respect and loyalty of the world's most frequent business fliers,"
said Paul Touw, president and CEO of XOJET. "Focusing our fleet on
super-midsize jets allows us to deliver the service levels and cost
advantages our customers expect. The Challenger 300 gives our
customers additional choice, and its large cabin and unmatched comfort
perfectly complement our existing fleet."
With an operation that will now grow to include 127 jets by 2012,
XOJET is the fastest-growing private aviation company in history.
Designed from the onset to achieve the highest levels of
reliability and maintainability, the Challenger 300 jet has already
proven its ability to perform under high utilization operations, and
will drive additional value for XOJET customers.
"The Challenger 300 jet offers the optimal super-midsize cabin to
business travelers," said Jahid Fazal-Karim, senior vice-president,
sales, Bombardier Business Aircraft. "This aircraft was designed
specifically for transcontinental travel with eight passengers. The
Challenger 300 jet's sophisticated widebody cabin design and supreme
reliability provides a great blend of comfort and efficiency for
executive fliers."
Proven Strategy of Super-midsize Focus
XOJET uses a series of innovations to provide its customers with a
significantly higher service level at a dramatically lower cost. One
key strategy is to use a single class of aircraft to drive down costs
and improve service levels, passing the benefits on to customers.
Super-midsize jets are the fastest-growing segment of the business jet
market, with total fleet size growing at nearly three times the rate
of the overall private jet industry.
To increase customer choice while maintaining the operational
efficiencies that are unique to the XOJET model, the company will
operate its Citation X and Challenger 300 programs in dedicated
business units. Each fleet will be managed separately to drive deep
flight and maintenance crew expertise and create significant economies
of scale.
About XOJET
XOJET is the first company to provide private jet ownership,
leasing and on-demand travel solutions built especially for frequent
business jet fliers. The company's strategy is to combine the service,
access and exclusivity of owning a jet with the efficiencies and
operational rigor of successful commercial airlines. Founded in 2001,
XOJET officially launched its service in January 2006 and has quickly
established itself as the fastest-growing private aviation company on
record. Among its customers, XOJET is known for brand new jets,
unmatched economics, stringent safety practices, exceptional service
and a 99.5 percent on-time departure rate.
Most recently, XOJET has been recognized with a number of honors
including being named a Robb Report "Best of Private Aviation" winner,
an Inc. Magazine "Fastest Growing Company" and one of the best places
to work in the Bay Area. For more information, visit www.xojet.com.
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