XOJET Announces Coast2Coast™ - the First Private Jet Program Designed for Transcontinental Fliers

SAN FRANCISCO and NEW YORK, Feb. 3, 2011 /PRNewswire/ -- XOJET Inc., the leader in private aviation, today announced Coast2Coast™ – the first private aviation program designed around a specific flight profile.  Coast2Coast, the latest addition to XOJET's suite of innovative offerings, rewards people who fly coast-to-coast more than three times a year.  The program offers guaranteed access to XOJET's Wi-Fi enabled fleet of Challenger 300 and Citation X super-mid jets with no peak day restrictions, ferry charges, lock-in fees or exit penalties.  This risk-free and fully-guaranteed access is available at 25-40% less than any comparable fractional or card private jet programs.  Coast2Coast is the first program to allow fliers to fly coast-to-coast on any of more than 85 unique routes between major metropolitan areas on the east and west coasts.

Coast2Coast continues XOJET's distinctive history of innovation in the private aviation market.  XOJET was the first national private jet company to own and operate their entire branded fleet and was the first to offer fixed price charter flights to more than 15,000 locations.  XOJET was also the first to offer Wi-Fi on every aircraft in its fleet.  Each innovation has brought new levels of service and value to private aviation customers.  With Coast2Coast, XOJET is innovating once again.

"Coast2Coast was developed in partnership with our customers.  Our customers provided substantial input regarding what they needed and what is not available in the marketplace.  We are fortunate that our unique business model can readily adapt to meet their needs," said Blair LaCorte, CEO of XOJET.  "As the industry has matured and the private aviation customers have become more sophisticated they are asking the industry for more flexible products that allow them to create a portfolio of aviation options that address their specific needs"  

XOJET has been designed differently than other private aviation companies. By taking ownership of its fleet, XOJET is able to drive efficiency and utilization up to 40% more than standard fractional or charter models.  This efficiency is based on a unique asset optimization system developed by XOJET that adapts and extends many of the best practices in the industry.  The XOJET system has been extended to take into account the more complex and qualitative elements of customer service.  The integrated approach to optimizing both services and asset utility assures that XOJET is able to deliver the best possible service at the greatest value to our customers.  This has allowed XOJET to create programs that offer unprecedented pricing without compromising service.

"Our unique combination of customer focus along with our operational flexibility and efficiency has allowed us to begin to roll out targeted products like Coast2Coast and helped us set new operational and financial performance records in 2010," said Ted Botimer, Senior Vice President of Revenue Management and Strategic Planning at XOJET. "The array of products we are able to offer gives our customers confidence that we will help them develop an aviation solution that fits their unique needs.  In fact, we are becoming the trusted private aviation advisor to our customers – with over 50% now buying multiple services from us."  

Also today, XOJET announced the opening of its New York City office.  Located at 2 Grand Central Station, the XOJET office is centrally located in Manhattan and is designed to better service and support the expanding XOJET New York customer base.  The opening will be celebrated tonight at an invitation-only reception at the Campbell Apartment in Grand Central Station

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 3,000 customers worldwide. Our unique business model combines private jet membership and on-demand 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 and XOJET is the only business aviation provider to rank either #1 or #2 in all twelve ARG/US Platinum safety rating categories. In July 2010, XOJET became the first private aviation operator to enable its entire fleet with in-flight Wi-Fi Internet connectivity by equipping every Citation X and Challenger 300 in its fleet. For more information, please visit www.xojet.com.

SOURCE XOJET

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