XOJet soars with $470M more for private jet time shares
XOJet, the San Carlos, Calif. company that capitalized on the economic downturn by offering a time sharing service for corporate jet travel, has continued its good fortune with a new $470 million round of debt and equity led by TPG Capital. The money, broken down… Continue Reading
Silicon Valley’s airline: XOJET takes off as corporate jets lose favor
When the chief executives of the Big Three automakers went to Washington, D.C. with tin cups in hand asking for a $25 billion government bailout, they triggered public outrage when it was revealed they’d flown in on luxury private jets. With shareholder and taxpayer frustration… Continue Reading