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Article: Flight Options looking to soar; Fractional jet biz plans to be top in the field.(Brief Article)
- Article from:
- Crain's Cleveland Business
- Article date:
- June 10, 2002
- Author:
CopyrightCOPYRIGHT 2002 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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The race is on to become the premier provider of fractional ownership in corporate aircraft, and Flight Options Inc. of Richmond Heights intends to be the winner.
Fresh off a momentum-generating merger with defense contractor Raytheon Co., Flight Options is running in a strong second place and is soaring after a giant, NetJets Inc., which founded the industry in 1986. NetJets also happens to be owned by stock market mogul Warren Buffett's Berkshire Hathaway Inc.
At the controls for Flight Options is chairman and CEO Kenn Ricci, who has pledged to his employees and the aviation public that the company will become the largest provider of fractional jet ...