Flight Options LLC
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Logistics Directory »Global Aviation Industry » Air Services » Flight Options LLC
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Indian Aviaiton 2008
Flight Options LLC

Flight 26180 Curtiss Wright Parkway

Richmond Heights-4413
Ohio

Phone

+216-261-3500

Fax

+216-261-3595

Primary Industry

Air Services

Business Summary

In July 1997 Corporate Wings began development of the industry’s first nationwide previously owned aircraft fractional ownership program under the name Flight Options, Inc. In October 1998, Flight Options was formally launched at the 51st Annual NBAA Convention in Las Vegas, NV. While fractional ownership of aircraft was a proven concept with new aircraft, primarily supported by the aircraft manufacturers, Flight Options became the first company to offer a complete line of jets at a 35% savings over comparable aircraft offered new by other programs. Flight Options quickly became the fastest growing fractional program in June 1999 by adding 100 customers in just nine months. In December 2001, Flight Options combined operations with Raytheon Travel Air, effectively doubling the size of the company and moving the company into the sale of both new and pre-owned aircraft.

In December 2005, Flight Options became a wholly-owned subsidiary of Raytheon and introduced the Go-Forward Business Plan that rationalized the fleet, which is now one of the youngest fleets, as well as the most effective and efficient fleet in North America. Flight Options was acquired in November 2007 by H.I.G. Capital, LLC, a leading global private equity firm with more than $4 billion of equity capital under management. In March 2009 Directional Capital -- an investment firm led by Flight Options Chairman Kenn Ricci, and Resilience Capital Partners -- a leading private equity firm, and key members of the Flight Options management team made an additional investment in Flight Options. H.I.G. Capital also remains an investor.

Executive Team

Executive Name Phone
Samuli Haapasalo +216-261-3500

Company Website

http://www.flightoptions.com/
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