XOJET CEO Paul Touw Spotlights Private Aviation Innovations at Esther Dyson's Flight School

Business Wire, June 26, 2007

CEO Panel Explores "Private Aviation Models That Work"

SAN CARLOS, Calif. -- Last week at Esther Dyson's Flight School, XOJET's president and CEO Paul Touw showcased how his company has redefined the private aviation business model to set a breakthrough new value and service standard in private jet travel.

Now in its third year, Flight School brings together aviation and space entrepreneurs and the venture capitalists that fund them to explore emerging strategies, experiences and opportunities. Touw spoke on a panel that focused on "Private Aviation Models that are Working." The discussion, moderated by Dyson, focused on what current successful operators such as XOJET are doing to succeed.

Touw highlighted the ways in which XOJET has departed from traditional private aviation practices to create an innovative new business model for private jet ownership. He detailed the company's modern approach to economics, aircraft, service, maintenance, safety and culture, and shared success metrics that are proving out XOJET's strategy including:

* Customer demand is extremely high; XOJET has completed more than 10,000 customer flight hours in the last 12 months

* XOJET has solved the empty leg and deadhead dilemma; the company achieves greater than 95 percent revenue earning legs vs. the industry standard of 65 to 70 percent

* XOJET's reliability is close to perfect; the company has established a track record of greater than 99.5 percent on time departure

* XOJET is the most economical way to own a jet; the company's ownership model is proving to be 40 percent less expensive than jet cards, 33 percent less expensive than fractional solutions and 20 percent less than traditional ownership

"Like many of the other companies at Flight School, we set out to rethink every aspect of our business from the ground up," commented Touw. "Our efforts are paying off, and it was a pleasure to be able to step back and discuss the strategies and market requirements that are defining the next-generation of space and aviation leadership with such a thoughtful group."

Touw is an entrepreneur who began his career in aerospace engineering and went on to co-found enterprise software leader Ariba (ARBA). Known for his ability to recognize and eliminate operational inefficiencies to create breakthrough cost savings and customer value, Touw's leadership helped position Ariba as the dominant business-to-business software choice of 75 percent of the Fortune 500. This achievement led to the company's highly successful public offering in 1999. Touw formed XOJET with a mission to bring similar efficiencies to private aviation through operational scale, technology innovation and a modern customer service culture.

The Flight School conference was held last week at Aspen Meadows Resort, the home of the Aspen Institute in Aspen, Colorado. Flight School is a short, intensive workshop focused on business issues: models, markets, financing, strategy. Sessions are moderated by Esther Dyson, whose PC Forum helped shape the emerging PC and Internet marketplaces. Speakers and attendees come from the marketplace: aircraft makers and aircraft operators, entrepreneurs, marketers, analysts, investors, press and regulators.

Other speakers at the conference included Alex Tai, COO, Virgin Galactic; Andrew Steinberg, assistant secretary for aviation and international affairs, U.S. Department of Transportation; Andrew Nelson, Global Wealth Management, Morgan Stanley; Walter Isaacson, president and CEO of the Aspen Institute; and Ed Iacobucci, president, CEO and founder, DayJet.

About XOJET

XOJET is the world's first private airline, offering owners a private fleet of new business jets run with the operational excellence of the best airlines. Like successful airlines, the company focuses on single aircraft models and operational innovation to drive down costs and improve service levels, passing the benefits on to customers. This approach has lowered the cost of ownership by 20-40 percent, and made XOJET the leader in cost-efficient private jet ownership for the world's most frequent travelers.

XOJET's fleet is also available by the flight to on-demand customers. XOJET's strategy to combine its ownership and on-demand offerings within one operation allows it to substantially lower jet ownership costs while setting a new service standard for private jet travel. For more information, visit www.xojet.com.