Business Summary
In July 1997 Corporate Wings began development of the industrys 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.
