Flight Options now #2 | Aviation International News

Charter & Fractional

Flight Options now #2

Wichita-based Raytheon Travel Air and Cleveland-based Flight Options on March 20 completed their planned merger, first announced December 20, creating the

By Chad Trautvetter • Online Editor

May 15, 2008

Wichita-based Raytheon Travel Air and Cleveland-based Flight Options on March 20 completed their planned merger, first announced December 20, creating the second-largest fractional aircraft provider. Under the joint venture, Flight Options holds a 50.1-percent stake in the new company, while Raytheon Co. retains a 49.9-percent share.

Now known as Flight Options LLC, the new company will be headed by Flight Options CEO Kenn Ricci and has more than 1,600 share customers and a fleet of some 200 aircraft. As part of the deal, Flight Options LLC will take a mix of 115 new Premier Is, Beechjets and Hawker 800XPs from Raytheon Aircraft, and an order for up to 50 Hawker Horizons is pending.

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