XOJET enjoying rapid growth

XOJET has been included on the prestigious Inc. 500 list of the US’s fastest-growing private companies.In addition, XOJET has been recognized by the Silicon Valley/San Jose Business Journal and San Francisco Business Times as one of the fastest-growing companies in the Greater Bay Area.

Each publication bases its rankings on the revenues of private companies over the past few years on a percentage growth basis. Within the past quarter, XOJET has been recognized with the following business growth honors:

  * This year’s highly anticipated Inc. 500 list showcased XOJET as the fastest growing company in private aviation, and #2 in the transportation industry. Inc. acknowledged XOJET for establishing a growth rate of 1,409 percent since 2003.
  * XOJET was recently ranked #2 on the San Francisco Business Times Top 100 Fastest-Growing Private Companies list.
  * XOJET was ranked #5 on the Silicon Valley/San Jose Business Journal Fast 50 list.

“We are extremely gratified to be recognized by these outstanding publications, and to have successfully established XOJET as the fastest-growing company in private aviation,” said Paul Touw, president and CEO of XOJET. “Our growth reflects the strong demand for innovative solutions in the $33 billion private aviation market, and the dedication of our team in delivering the highly distinguished service that has made us the leader among frequent private travelers.”

With an unmatched value proposition for frequent business jet travelers, XOJET has more than doubled its revenues each year, established an average yearly employee growth rate of more than 160 percent and will have a fleet of 127 business jets by 2012. In addition, the company has raised more than $500 million in debt, equity and aircraft lease financing from respected institutions including TPG and Lehman Brothers. The private aviation leader’s customers include more than 500 executives, leading corporations and influential individuals for whom flying private is essential.