In July 1997 Corporate Wings began development of the industry’s first nationwide previously owned aircraft fractional ownership program under the name Flight Options, Inc. In October 1998, Flight Options was formally launched at the 51st Annual NBAA Convention in Las Vegas, NV. While fractional ownership of aircraft was a proven concept with new aircraft, primarily supported by the aircraft manufacturers, Flight Options became the first company to offer a complete line of jets at a 35% savings over comparable aircraft offered new by other programs.
In December 2005, Flight Options became a wholly-owned subsidiary of Raytheon and introduced the Go-Forward Business Plan that rationalized the fleet, which is now one of the youngest fleets, as well as the most effective and efficient fleet in North America.
Flight Options was acquired in November 2007 by H.I.G. Capital, LLC, a leading global private equity firm with more than $4 billion of equity capital under management.
In March 2009 Directional Capital -- an investment firm led by Flight Options Chairman Kenn Ricci, and Resilience Capital Partners -- a leading private equity firm, and key members of the Flight Options management team made an additional investment in Flight Options. H.I.G. Capital also remains an investor.
Fractional Aircraft Ownership
Flight Options’ common sense approach can save you hundreds of thousands of dollars over the five-year term, as compared to other fractional ownership programs.
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