XOJET Raises More Growth Financing

Private aviation company XOJET has raised a $470 million round of growth financing. The round included $100 million in equity from TPG Capital and Aabar and a debt facility of $370 million. The company plans to use the funds to grow its operations and expand its fleet of aircraft. XOJET raised a $2.5 billion round of financing last August that included $85 million of equity from TPG and Tasamem.