Story ID: 
California Charter Firm Secures New Funding
By: Chad Trautvetter
Caption: XOJet has secured $470 million in additional financing, including $100 million in equity and a “more flexible debt facility” of $370 million that allows fo
Word Count: 62
XOJet has secured $470 million in additional financing, including $100 million in equity and a “more flexible debt facility” of $370 million that allows for the purchase of either new or used aircraft. The financing was led by TPG, a Fort Worth-based private equity firm, and Aabar, an Abu Dhabi-based investment firm. XOJet plans to use the additional capital to expand its charter aircraft operations.