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XOJet expects $500m Abu Dhabi investment

US-based XOJet, a private aviation company, said it has arranged $2.5bn of financing largely from investors in the Middle East to expand its fleet, reported Reuters. XOJet said it expects to receive about $900m in financing immediately, including $500m from Tasameem, an Abu Dhabi Investment Authority real estate arm, and $400m from Export Development Canada to fund the purchase of Challenger jets made by Bombardier.