XOJET Announces $25,000 "All In" Transcon

[Number$Cruncher]

For comparison's sake, what would a Netjets Citation X "all-in" charge be for the same one-way transcon trip (say TEB-VNY) for a typical share owner (not Marquis Card)? Let's assume no major delays and typical winds. This would include hourly, monthly and pro-rated ownership fees...

Any estimates?

Figure about $11,000 per hour for a NetJets Citation X, including hourly and monthly fees, taxes, fuel surcharge, residual value loss, and the cost of capital.

 

[clydefastly]

this is just the beginning of what will be a long end. Its a desperate attempt to get ahold of some revenue to show its investors its making money.

nobody cuts prices to the clients we are dealing with unless they need cash.

xo business plan wont work, and they are not a fractional, been saying this since day 1 people.

NEXT!

Just because NJ,FLOPS,FLEX,OR CS didn't come up with an idea doesn't mean it isn't going to work, or that is a desperate business move.

 

[X-rated]

this is just the beginning of what will be a long end. Its a desperate attempt to get ahold of some revenue to show its investors its making money.

Thanks for your concern, but we've been profitable since our first year of operation. How long did it take your company to turn a profit?

nobody cuts prices to the clients we are dealing with unless they need cash.

I love to hear you say that! That sad attitude of yours is what guarantees our competitive advantage.

You sound like a young pup with quite a bit to learn. In all seriousness, go out and pick up a book called "The Millionaire Next Door." It will not only teach you something valuable, it will also give you new insight as to who your customer really is. People who accumulate wealth, are not by nature wasteful, or at least they expect value for their money. If we can provide an equal or better product for a lower price, that's value.

xo business plan wont work, and they are not a fractional, been saying this since day 1 people.

NEXT!

Proving your ignorance since day one, post after post!

 

[cherry20's]

Proving your ignorance since day one, post after post![/quote]

Priceless! haha

Standard Flightinfo.com mines bigger than yours... I mean better than yours.

 

[GSXR600]

Well!! the $25000 dollar new thing with no ferry fess sounds like an atractive thing for your new potential costumers.
Wish u guys good luck with your new plans coming!

Ps. I still think that this souds like next airline flying as a fractional/charter IMOH. Next time we will see vacation packages offered if booked online. But HEY!... what ever works MAN as long as company treats you well and the paycheck keeps comming, I am all for that!!

 

[skiandsurf]

. what ever works MAN as long as company treats you well and the paycheck keeps comming, I am all for that!!

I think we can all agree on this. And from the guys that I talk to on the road, XOJet and DC are treating you guys pretty good.

 

[X-rated]

But HEY!... what ever works MAN as long as company treats you well and the paycheck keeps comming, I am all for that!!

I think we can all agree on this.

Yes, I think we certainly can all agree on that!:beer:

Fly safe out there guys.

 

[flyzimex]

But HEY!... what ever works MAN as long as company treats you well and the paycheck keeps comming, I am all for that!!

Big +1 on this one.

They way things are going in this industry today we are only doing our selves a disfavor by fighting each other.

NETFLIER it's great that you are happy where you are at, but why not encourage others who are trying to achieve the very same thing. Or are you afraid they might actually get something even better than you?

FZ

 

[ProFracPilot]

Thanks for your concern, but we've been profitable since our first year of operation.

I have a question: Is XO Jet a publicly traded company? And are there audited financials out there for employees (or anyone else) to review? Don't mistake a (perceived) strong cash-flow and large investment backing as a profitable business.

I think it's awesome that XO appears to be doing well, and that you're cohesive pilot group. That alone probably makes it a fun place to work. But I don't want to see you guys drown in your own kool-aid, either.

 

[flyzimex]

I have a question: Is XO Jet a publicly traded company? And are there audited financials out there for employees (or anyone else) to review? Don't mistake a (perceived) strong cash-flow and large investment backing as a profitable business.

I think it's awesome that XO appears to be doing well, and that you're cohesive pilot group. That alone probably makes it a fun place to work. But I don't want to see you guys drown in your own kool-aid, either.

ProFrac, they are not publicly traded, but if I remember correctly I read on their website it's included in the business plan a couple of years from now.

I have been wondering about the excistens of audited financials too. I think a lot of us would like to see this to confirm their success. On another forum in a post just the other day someone claimed to have "a very reliable source saying things are bad and that the end is near". I'm not at all saying this is true, but as one of many hopefuls it would be nice if these "bad news" could be discarded as pure rumour.

Let's all hope there is no truth to this. And as ProFrac says, getting huge investments does not necessarily mean business is good.

FZ

 

[Whale Rider]

ProFrac, they are not publicly traded, but if I remember correctly I read on their website it's included in the business plan a couple of years from now.

I have been wondering about the excistens of audited financials too. I think a lot of us would like to see this to confirm their success. On another forum in a post just the other day someone claimed to have "a very reliable source saying things are bad and that the end is near". I'm not at all saying this is true, but as one of many hopefuls it would be nice if these "bad news" could be discarded as pure rumour.

Let's all hope there is no truth to this. And as ProFrac says, getting huge investments does not necessarily mean business is good.

FZ

Seriously guys, you've been watching too many episodes of "Mega Disasters" on the History Channel. Take it from someone who actually works there. Things are not bad and the end is not near. I'm not gloating and I'm not speculating.....its the truth!

 

[flyzimex]

Seriously guys, you've been watching too many episodes of "Mega Disasters" on the History Channel. Take it from someone who actually works there. Things are not bad and the end is not near. I'm not gloating and I'm not speculating.....its the truth!

Whale, that's the whole point, you work there and can quite easily judge the way things are going. We don't have that privilege and have to make our own opinions based on what we read and hear from other people.

I think the majority of guys here like what they hear about XO, and just making sure it's not a "too good to be true" kinda thing. Having open eyes and looking at things from every possible angle is a way of looking out for one self.

With that said, I for sure appreciate reading the posts from you guys on the inside and thank you for sharing.

FZ

 

[Whale Rider]

Whale, that's the whole point, you work there and can quite easily judge the way things are going. We don't have that privilege and have to make our own opinions based on what we read and hear from other people.

I think the majority of guys here like what they hear about XO, and just making sure it's not a "too good to be true" kinda thing. Having open eyes and looking at things from every possible angle is a way of looking out for one self.

With that said, I for sure appreciate reading the posts from you guys on the inside and thank you for sharing.

FZ

I agree flyzimex. I was just trying to shed some truth on the subject. The people who spread these rumors should be asked to back it up with something other than "A very reliable source." At the end of the day only time will tell. Unfortunately by then no one will care anyway. LOL! :laugh:

 

[flyzimex]

The people who spread these rumors should be asked to back it up with something other than "A very reliable source."

Actually that's exactly what I asked him to do only to get the reply it would compromise his source due to the position this person holds.

FZ

 

[RNObased]

To each his own. I love my two weeks off in a row. Everyone I know who has tried it loves it too. Those who don't think they will like it don't sign up for it. It's not like it's mandatory.

I can't wait to start flying in Abu Dhabi so I can do month on month off. Actually, I'll probably do 58 on 56 off to reduce the airlining. Before you all start going nuts, it's not really 58 on. The UAE requires 2 days off out of every 7, so you get a 2 day break every week while you are "on". The 25 percent pay override coupled with Business class travel make both schedules pretty attractive to me. But again, to each his own.

Have fun at Mesa.

You have a family and want to be gone for two months at a time???

 

[greyskyracer]

Is there a training contract? What is first year pay like? Thank you

 

[Whale Rider]

You have a family and want to be gone for two months at a time???

Just so you don't get confused. On the 58 on 54 off you can take your family with you. Hope this helps!

 

[clydefastly]

Is there a training contract? What is first year pay like? Thank you

No training contracts. Firts year FO is 52,200, and cpt is 90,000.

 

[X-rated]

Actually that's exactly what I asked him to do only to get the reply it would compromise his source due to the position this person holds.

FZ

Fly,

You know how these boards work. There are so many haters who think it's sport to stir the pot with disinformation. Others are just trying to make themselves feel better about their current situations by smearing others.

If there was an once of truth to this guys accusations, don't you think there would be a cost cutting campaign? Don't you think the pilot group would be the first to be aware of it? We stay in nice hotels, get rental cars, and eat very well on the company dime. Not to mention the fact that we are generally the decision makers for most of the aircraft expenses on the road. We have not heard one single word other than things are great, and we are doing very well.

The plans are to go public in the future, so all the doubters will get transparency. In the mean time, all we can do is tell you how it is. Believe us, or don't; it's not a debate. There are thousands lining up to work here. You need to make the best decision you can with the information you have. The only recommendation I can give you, is just to consider the source of the information you get.

Good luck

 

[flyzimex]

You need to make the best decision you can with the information you have. The only recommendation I can give you, is just to consider the source of the information you get.

Good luck

And this is exactly why we come here and ask the ones in the know when we come across statements that conflict with what we have previosuly heard from the insiders.

XOJet is a quite new player and while probably most of us have a friend or two who work at NJA few actually know someone on the inside of XO. We have to put our faith to what we read on the internet.

I personally, who don't presently fly in the US, don't have the possibility to bump into any XO guys on the road.
Hopefully I can get some face to face opportunities with some of you guys when I join the Supporting Crew Member program at SimuFlite in Dallas. Nothing beats an old fashioned face to face talk.

FZ