Charter & Fractional
Raytheon takes majority control of Flight Options
Four months after John Nahill, former v-p of corporate strategy and development at Raytheon Co., took charge of Flight Options from its founder and then ch

Four months after John Nahill, former v-p of corporate strategy and development at Raytheon Co., took charge of Flight Options from its founder and then chairman and CEO Kenn Ricci, Raytheon in mid-June completed a “financial recapitalization agreement” in which it now owns approximately 65 percent of the world’s second-largest fractional aircraft ownership company.

This move had been expected for several months. Flight Options LLC’s roots lie in the merger of Raytheon’s own fractional-ownership subsidiary, Raytheon Travel Air, with Flight Options in March 2002, creating an aircraft ownership operation second only to NetJets in fleet size and number of shareowners. Nahill was no stranger to Flight Options as he had served on the board of Flight Options since its merger with Raytheon Travel Air.

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