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Tue, Mar 25, 2008

XOJET Hires Eilif Serck-Hanssen As CFO

Also Named President Of Int'l Ops

On Monday, XOJET announced the appointment of Eilif Serck-Hanssen to the position of chief financial officer and president of international operations and expansion.

“Eilif is a highly respected strategic and financial executive with strong airline experience and a deep understanding of our business. We are thrilled that he has joined the XOJET team.” said Paul Touw, CEO, XOJET. “Eilif will be a significant asset as we continue on our path to becoming a billion dollar company.”

Prior to joining XOJET, Serck-Hanssen served as executive vice president and chief financial officer for Eos Airlines, Inc., the first airline dedicated exclusively to premium long-haul business travel, operating between major business centers of the US, UK and the Middle East. At Eos, Serck-Hanssen was instrumental in securing the funding required to build out the airline, as well as directing fleet acquisition for growth.

Prior to Eos, Serck-Hanssen was US Airways’ senior vice president and treasurer with responsibility for the restructuring that culminated in the merger with America West. Previously, as assistant treasurer and head of the financial planning function at Northwest Airlines, he led multi-billion dollar financing efforts.

Before joining Northwest Airlines, Eilif served as chief financial officer for one of PepsiCo’s international business units in Asia.

"XOJET’s innovative approach to private aviation has driven its rapid revenue growth, customer adoption and business expansion, which is particularly notable for a new aviation industry entrant,” said Serck-Hanssen. “I look forward to working with the management team and investors to build on this solid foundation, and seize the tremendous global market opportunities ahead.”

FMI: www.xojet.com

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