“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
XOJet Flights Increased 30 Percent Last Year
San Francisco-based XOJet experienced 30 percent year-over-year growth in flight hours in 2011. By comparison, the private aviation industry overall experienced 5 percent growth, according to the FAA. During 2011, the company opened a 22,000-square-foot operations center in Sacramento, Calif., added Hawker 800XP aircraft to its fleet and introduced two programs: XOJet Coast2Coast, which was designed for travelers who fly cross-country more than three times a year; and XOJet Preferred Access, which offers reduced-cost flights for those willing to be flexible about such factors as departure date, time and aircraft.