Abu Dhabi invested in California-based private jet firm

XOJET, a private aviation company based in California, announced financing totaling $470 million led by TPG, a private equity firm, and Aabar, an Abu Dhabi based investment firm.

This consists of $100 million in equity and a more flexible debt facility of $370 million that allows for the purchase of either new or used aircraft on a global basis. So far they have raised $3 billion to fund their operational infrastructure, fleet, and global expansion.

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Their full press release follows