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Forum » North America Flight Deck Forums » [US/Can] Corporate & Fractionals
Unanswered topic

XOJet a vendor for NetJets?

Author Message
Written on: 04. 08. 08 [23:47]
coffeeplease
Board FO
Moderator
registered since: 31.10.2007
Posts: 68
 Found on AINOnline. I always thought XOJet was setup to compete with Netjets...yet the article below seems to indicate otherwise. XOJet a vendor for NetJets?
Your comments please.


Sentient Restructuring Amid Financial Turbulence
Financially strapped Sentient Flight Group will be undergoing a restructuring, only a few weeks after the Weymouth, Mass.-based charter operator and management firm announced that company chairman Gregory Campbell would be replacing Steve Hankin as CEO. In a company-wide e-mail sent this week, Campbell told employees that the charter and aircraft management divisions will be combined into one division and will be led by Jake Cartwright, former president and CEO of TAG Aviation USA. Cartwright currently heads the aircraft management division. Meanwhile, during a recent NetJets vendor meeting in Columbus, Ohio, an XOJet representative told attendees that Sentient owes XOJet nearly $7 million. An XOJet official confirmed to AIN that Sentient owes the company money but would not put a figure on it. A Sentient employee would not disclose the specific amount owed to XOJet but said that the latest round of investor funding “is sufficient to make the necessary payments” and added that the company is “working on a plan to pay the vendors.” Other industry sources have told AIN that Sentient has millions of dollars in unpaid bills to other charter operators and vendors.
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