September 12, 2008
XOJET Reduces Fuel Surcharge for On-Demand Flights
XOJET- one of the world's fastest growing private aviation companies, built on a unique business model that combines private jet ownership, leasing and on-demand travel - announced it has reduced by 9% the fuel surcharge for on-demand flights that it put in place in the wake of record-high oil prices. The reduction will save clients approximately $1000 on the cost of a round trip transcontinental flight.
"XOJET has done something that is essentially unprecedented - lowering a fuel charge after it's been implemented," said Adam Komack, chief marketing officer for XOJET. "For us, the decision is simple. A surcharge is a necessity to offset costs that are out of our control; it should never be confused with a revenue stream or a means of nickel and diming clients. If the price of oil goes down, the surcharge should be reduced as well."
Founded in 2006, XOJET has quickly become one of the world's fastest growing private aviation companies, built on a unique business model that combines private jet ownership, leasing and on-demand travel and a singular focus on providing the highest level of customer service at every point of the client's experience. Backed by TPG, a leading global private investment firm with over $50 billion of capital under management, XOJET recently secured $2.46 billion for fleet expansion.
XOJET currently offers an all-new fleet of Citation X business jets - the fastest civilian aircraft available. The company has fewer members per jet in its Fleet Exchange Membership program than competitors, providing for guaranteed availability and unprecedented customer satisfaction. Its award-winning, in-house safety and maintenance program rivals the world's best commercial airlines, having earned the highest ranking in four key categories - more than any other operator - from Aviation Research Group. XOJET's growing fleet will comprise of 48 Citation X's and 80 Challenger 300's and is expected to reach 128 aircraft worth $3.1 billion by 2012.
XOJET has also been named a Robb Report "Best of Private Aviation" winner, one of Inc. Magazine's fastest growing companies, and among the best places to work in the Bay Area. For more information, visit www.xojet.com or call 888-759-6538.