XOJet, the fast-growing on-demand charter company operating a fleet of Cessna Citation X and (starting this fall) Bombardier Challenger 300 aircraft, has secured $2.46 billion in financing to fund an ambitious plan to expand further both in North America and internationally, in what the company claims is the “largest publicly announced business aircraft financing package in history.” It is also evaluating larger aircraft, such as the Bombardier Global Express.
The main drive of the international expansion will be focused on the Middle East, and to that end the company has signed a deal with Tasameem Real Estate Co. of Abu Dhabi to create a new joint venture. XOJet CEO Paul Touw told EBACE Convention News that the business would start there “immediately” although he expects that getting an air operator’s certificate (AOC) from the UAE government will take around six months. In terms of other operations internationally, Touw said, “We haven’t decided because we want to focus on Abu Dhabi.”
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