Aircraft Services: XJet is an exclusive club and source of resources for private-jet owners and frequent flyers of chartered jets. The fledgling company, which began in June, provides premium services at affordable rates to jet owners, such as lower fuel costs, reduced rates on aircraft insurance, training for pilots, and other expenses associated with aircraft ownership. The club is able to obtain these savings through aggregate purchasing power.
Fuel is generally the second largest operating cost for jets. XJet's established relationships with petroleum companies permit it to purchase fuel less than most fixed-base operators (FBO). Members also save as much as 35-percent on flight training and 30-percent on insurance. Another privilege of membership is that patrons can participate in the firm's jet-exchange program. If an owner's jet is not large enough to adequately accommodate a flight, the member can simply arrange a flight in a larger plane.
According to the Rocky Mountain News, XJet's members pay up to $90,000 a year in fees to belong to this elite club. Customers also are charged a hangar fee that exceeds the dues. The company's hangars hold 34 planes, including 12 of its own for chartering.
XJet's operations are spread across 18 acres on the south side of the Centennial Airport in Denver, Colo. When totally completed, the club's site will include an upscale restaurant, an art gallery, a library, and a lounge along with its hangars. Massage and concierge services also will be available. Customers returning from trips will find their cars thoroughly detailed and gassed up.
The Gerald Ford International Airport in Grand Rapids, Mich., is the location of the next club. Summer 2008 is the scheduled timeframe for opening. There also are plans to open clubs in several locations across the U.S. and internationally.
For LxM James Rothaar
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