Aabar Investments buys stake in US aviation firm

11 February 2010

Xojet joint venture to offer private aviation services in the region

Abu Dhabi investment fund Aabar Investments is to buy $20m worth of shares in private US aviation firm Xojet, according to a statement issued by the UAE fund on 10 February.

Xojet offers private jet services to business and leisure travellers. Under the deal, Aabar and Xojet will form a UAE-based joint venture that will provide private aviation services to various destinations in the Middle East and North Africa.

The US firm has a fleet of more than 100 aircraft in service or on order, and currently offers services to more than 25,000 airports across five continents.

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