XOJET Hires Eilif Serck-Hanssen as Chief Financial Officer and President International

Date : 03/24/2008 @ 2:06PM
Source : Business Wire
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XOJET Hires Eilif Serck-Hanssen as Chief Financial Officer and President International

XOJET today 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 financings and enforced strong financial controls that delivered industry leading unit cost performance. 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.” ABOUT XOJET XOJET’s revolutionary model for private aviation is designed especially for high-volume private travelers. The company's strategy is to combine the service, access and exclusivity of owning a jet with the efficiencies and operational rigor of successful commercial airlines. XOJET launched its service in January 2006 and has quickly established itself as one of the fastest-growing private aviation companies on record. Among its customers, XOJET is known for brand new jets, unmatched economics, stringent safety practices, exceptional service and a 99.5 percent on-time departure performance.

Most recently, XOJET has been recognized with a number of honors including being named a Robb Report "Best of Private Aviation" winner, an Inc. Magazine "Fastest Growing Company" and one of the best places to work in the Bay Area. For more information, visit www.xojet.com.

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