Charter & Fractional
In a sign of the times, charter firms go on buying sprees
Charter operator XOJet of San Carlos, Calif., announced with Cessna on Monday that it had ordered 30 Citation Xs worth $600 million.

Charter operator XOJet of San Carlos, Calif., announced with Cessna on Monday that it had ordered 30 Citation Xs worth $600 million. Yesterday, Bombardier joined XOJet in announcing that the companies had signed an agreement for XOJet’s purchase of 80 Challenger 300s, 20 firm and 60 on option, the largest single order to date for the Challenger 300. Total value of this order, if all options are exercised, is $1.9 billion. XOJet later announced that it has to date secured funding totaling $542 million.

At an Airbus press conference yesterday, charter operator VistaJet, headquartered in Baar, Switzerland, announced with the European OEM an order for three Airbus ACJs, bringing the privately owned charter operator’s total investment to more than $1 billion.