XOJet to get $2.5 bln to expand its fleet

[captain dad]

Thank God the the Fake financial analyst is here to tell us he knows more than the real millionaires running the show.

Thanks Captain Dad!

Are you always so negative to others ideas and opinions? Do you always see outside opinions as personal attacks? Are you bitter or paranoid?

How sad for you.


Good luck anyway.

 

[lookin4better]

Is the upgrade at XO based on flight time and PIC time due to ARGUS? Obviously to get hired as a PIC you need to meet PIC mins....how does upgrade work?

 

[Whale Rider]

Are you always so negative to others ideas and opinions? Do you always see outside opinions as personal attacks? Are you bitter or paranoid?

How sad for you.


Good luck anyway.

Thanks again Capt Dad. Good Luck to yourself. :beer:

 

[Publishers]

While the numbers are big, take a step back and look at what it says. What he is trying to accomplish is to make money off financing for the aircraft he is selling to others.
Customer X does not have to go seek outside financing from Wells Fargo or someone, XOJet sells him the share or the aircraft and finances it. This requires more equity and cash than other models.

 

[X-rated]

While the numbers are big, take a step back and look at what it says. What he is trying to accomplish is to make money off financing for the aircraft he is selling to others.
Customer X does not have to go seek outside financing from Wells Fargo or someone, XOJet sells him the share or the aircraft and finances it. This requires more equity and cash than other models.

Where did you get that idea? I haven't seen or heard anything about XOJET getting into the aircraft finance business. Have You?

As for "what it says", I think you have seriously misinterpreted the significance of having access to 3 billion dollars of capital! It is huge!

 

[Publishers]

The current model sells aircraft to customers and then manages but in a slightly different way than others, guaranteeing the customer so many dollars for the ability to charter and providing them flight service in whatever one is closest.

Fleet Exchange allows Xojet customers to buy an interest in Fleet Exchange equivalent to half or 100 percent of a Citation X, at prices similar to what the manufacturer charges. As of late August, Fleet Exchange had six customers with a whole-airplane or half-airplane interest.

The buy-in comes with access to any aircraft in the Fleet Exchange program up to 600 flight hours a year. Owners pay per occupied hour to use any airplane in the fleet. There is guaranteed availability, with no peak days or blackout periods. Owners are also entitled to benefits of tax depreciation as they would normally from aircraft ownership.

In the old days, the customer had to go fund the purchase while I think under the new deal, XO will hold the paper. They can buy in block from Cessna and Bombardier, sell and make a profit just like NJ, and also finance the sale and make some more. The buying power from the funding gives them tremendous leverage with the supply side like NJ even though the use side is different.

 

[DBS]

Will they hire people straight into the left seat?

 

[cherry20's]

They were, don't think so much anymore.

 

[cherry20's]

I just noticed that XO just posted a new pilot base list on there website, here you go:

XOJET, Inc is currently hiring qualified pilots to join our team of professionals based in all of our Regional Pilot Domiciles. If you do not live in one of our regional domiciles, but are interested in career pilot employment with XOJET, we still want to hear from you! We are continuously evaluating new domiciles and may be able to offer alternative schedules to qualified candidates.

Pilot Regional Domiciles:

• Albuquerque, NM
• Atlanta, GA
• Austin, TX
• Boston, MA
• Charlotte, NC
• Chicago, IL
• Cincinnati, OH
• Cleveland, OH
• Columbus, OH
• Dallas, TX
• Denver, CO
• Detroit, MI
• Houston, TX
• Indianapolis, IN
• Jacksonville, FL
• Kansas City, MO
• Knoxville, TN
• Las Vegas, NV
• Los Angeles, CA (Southern CA)
• Louisville, KY
• Memphis, TN
• Miami, FL
• Minneapolis, MN
• Nashville, TN
• New York, NY
• Oklahoma City, OK
• Orlando, FL
• Philadelphia, PA
• Phoenix, AZ
• Pittsburgh, PA
• Portland, ME
• Portland, OR
• Providence, RI
• Raleigh / Durham, NC
• Reno, NV
• Sacramento, CA
• Salt Lake City, UT
• San Antonio, TX
• San Diego, CA
• San Francisco, CA (Bay Area & Northern CA)
• Seattle, WA
• St. Louis, MO
• Tampa, FL
• Tucson, AZ
• Tulsa, OK
• Washington, DC (Baltimore, MD)

 

[skysharke]

Wow! That is quite a list......XO Please hire me.