Charter & Fractional
Flight Options’ Parent Company Buying Bombardier Flexjet
Kenn Ricci, Directional Aviation Capital (Photo: Jim Baron)
Kenn Ricci, Directional Aviation Capital (Photo: Jim Baron)

Directional Aviation Capital (DAC)–the Kenn Ricci-led company that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation, among others–announced last month that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals. All Flexjet employees, including president Deanna White, will remain in place, Ricci said.