XOJet Dispels Citation X Disposal Talk

AINalerts » October 1, 2009
October 1, 2009, 1:05 PM

Responding to scuttlebutt about selling off its Cessna Citation X fleet, charter aircraft provider XOJet told AIN, “This is incorrect as there are no current plans to sell any Citation Xs from the XOJet fleet.” Instead, a confluence of events fueled the perception that it was disposing of its Xs, namely the fact that six Citation Xs the firm was leasing recently changed hands and XOJet’s assistance to “other parties to sell their Citation Xs,” according to XOJet vice president of marketing Tony Kavanagh. He added that XOJet has taken delivery of 25 of the 30 Xs it has on order and has more than enough funding to take delivery of the other five. “As with all operators, we have adjusted our skyline to respond to the macro environment in private aviation,” Kavanagh told AIN. “However, unlike most, we feel fortunate to have an active line of credit to buy both new and used airplanes and intend to use this downturn as an opportunity to acquire a superior fleet at cyclical low prices. We have in fact both upgraded and added products over the last 12 months.” He said XOJet has also taken delivery of three Bombardier Challenger 300s so far out of its 80-aircraft order announced at the NBAA Convention last year.

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