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Article: H.I.G. Capital to Acquire Flight Options.
- Article from:
- Business Wire
- Article date:
- October 25, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MIAMI -- H.I.G. Capital, LLC, a leading global private equity firm based in Miami, Florida, announced today that it is acquiring Flight Options LLC from Raytheon Company. Terms were not disclosed.
Flight Options, headquartered in Cleveland, Ohio, is a leading private jet aviation company that operates a fleet of 130 luxury aircraft to provide a full suite of services to businesses and high net worth individuals. The Company currently serves its customers primarily through fractional ownership programs and its JetPASS pre-paid card plan. In 2007, Flight Options also began offering aircraft management services - complementary offerings to better leverage the ...