XOJET EBITDA up 51% through first half year

XOJET, Inc. said it has surpassed projections in the first half of 2015, delivering a 51 percent increase in EBITDA and 20 percent increase in retail charter business.

In addition, the company added 100 new Preferred Access clients, as well as continued to grow its portfolio of enterprise clients, representing Fortune 500 companies which typically fly over 100 hours per year.

“XOJET´s high-touch service and flexible product offering allows for a smarter way to fly private,” said CEO Brad Stewart. “Consumer habits are continuing to shift away from fractional ownership models towards more on-demand, pay-as-you-fly experiences and we´re optimistic that we will continue to see substantial growth, particularly in the San Francisco Bay Area, Los Angeles and the New York tri-state area, as more individuals and companies realize the value and benefits of XOJET versus fractional programs.”

XOJET, a TPG portfolio company founded in 2006, has become the industry´s premier private aviation services company, serving more than 5,000 clients worldwide.