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Article: FLIGHT OPTIONS JETTING AHEAD: FRESH CASH LETS CORPORATE WINGS UNIT PURSUE EXPANSION.
- Article from:
- Crain's Cleveland Business
- Article date:
- January 4, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. 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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Just four months after launching its executive jet business, Flight Options Inc. of Richmond Heights already is booking interested investors.
Brantley Venture Partners L.P. of Shaker Heights and Provident Bank of Cincinnati signed an agreement last month to invest $5.5 million in Flight Options, a company formed last September that sells partial ownership stakes in used jets to well-heeled business travelers.
The investment will enable Flight Options to more than double the size of its existing fleet to 45 jets from 21 and to establish flight hangars in New York and Denver -- all by June of this year.
``The next six months is going to be one ...