Articles > Business magazines > Specialty and Local Interest magazines > Crain's Cleveland Business articles > January 2003

Article: Change in wings for Flight Options.(Cover Story)(management changes possible)

Article from:
Crain's Cleveland Business
Article date:
January 6, 2003
Copyright

Byline: JEFF STACKLIN

Flight Options LLC, a Richmond Heights company that sells fractional ownership interests in new and used corporate jets, is about to go through an ownership change itself that could lead to the removal of CEO Kenn Ricci from the pilot's seat.

A majority interest in the company will shift from local investors to Lexington, Mass.-based defense contractor Ray-theon Co., according to Robert Pinkas, a Flight Options board member and managing partner of the Beachwood venture capital firm Brantley Partners.

Raytheon's fractional aviation division, Raytheon Travel Air, merged with Flight Options Inc. last March to form Flight ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: U.S. Bank Multi Service Aviation Creates Co-Branded Affinity Card ...
Business Wire;  October 16, 2006 ;     700+ words ... ... aircraft service provider Flight Options, LLC, can use to gain brand recognition ... chief executive officer, Flight Options, LLC. "This card will bring increased ... for both companies." About Flight Options, LLC Flight Options, LLC offers ...

Article: Raytheon Company Purchases Flight Options ...
PR Newswire;  December 29, 2005 ;     398 words ... ... to purchase its remaining equity in Flight Options, LLC, a fractional jet service provider ... Raytheon had a 97.6% ownership stake in Flight Options, LLC. This equity purchase makes Flight Options, LLC a wholly-owned subsidiary of Raytheon ...

Article: Embraer Delivers Four Legacy Aircraft to Flight ...
PR Newswire;  December 17, 2003 ;     700+ words ... ... said John Nahill, chairman and CEO of Flight Options, LLC. "The Legacy delivers the performance ... in a 13-seat configuration. About Flight Options, LLC Based in Cleveland, Ohio, Flight Options, LLC is the world's fastest growing fractional ...

Article: Flight Options LLC Investors Complete ...
PR Newswire;  June 13, 2003 ;     700+ words ... ... and the other investors in Flight Options LLC have completed a financial ... approximately a 65 percent interest in Flight Options LLC. As part of the recapitalization ... Raytheon exchanged certain Flight Options LLC debt it holds for equity ...

Article: Flight Options LLC Completes Financial ...
Business Wire;  June 13, 2003 ;     665 words ... ... BUSINESS WIRE)--June 13, 2003 Flight Options LLC, a leading provider of fractional ... approximately 65 percent interest in Flight Options LLC. As part of the recapitalization ... Raytheon exchanged certain Flight Options LLC debt it holds for equity ...

Article: Flying high: Flight Options LLC has a flight ...
Inside Business;  December 1, 2007 ;     700+ words ...Flight Options LLC didn't become one of the largest ... Weatherhead 100 winner got it right. Flight Options began as a company that sold used ... Michael Scheeringa, CEO. By 2004, Flight Options was a $550 million-a-year business ...

Article: Flight Options, LLC
International Directory of Company Histories;      700+ words ...Flight Options, LLC 26180 Curtiss Wright Parkway Cleveland, Ohio 44143 U.S.A ... Leasing; 488190 Other Support Activities for Air Transportation Flight Options, LLC is a leading U.S. provider of fractional ownership of business ...

Article: Company Profile for Flight Options, LLC.
Business Wire;  January 30, 2004 ;     492 words ... ... Editors --(BUSINESS WIRE) Flight Options, LLC provides complete private air ... the largest in the industry. Flight Options continues to be a leader in ... range of consumers. Company: Flight Options, LLC Headquarters Address: 26180 ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives