Sunday, February 15, 2015

Share My Jet: Can XOJet Ever Join Uber and Airbnb In The Sharing Economy?

XOJet, America’s third largest private jet leasing company, struggled in the crisis of 2008 but has been a lot more financially airborne since the arrival in 2010 of Brad Stewart, the turnaround expert who is now the company’s chief executive.. Revenues have more than trebled from $100m in 2009 to between $300m-$400m, while earnings before interest, tax, depreciation and amortisation increased by 33 per cent to about $50m in 2014, having been in negative territory five years earlier.

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