XOJet Raises $470 Million

XOJet Inc., a private aviation company sponsored by TPG Capital, has secured $470 million in new funding. This includes $100 million in equity and a $370 million debt facility. TPG and Abu Dhabi-based Aabar co-led the deal. Last year, XOJet secured $2.5 billion in new financing to expand its fleet and better compete with rival NetJets (including approx. $85 million in new equity).

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