Isn't it wonderful to see there are those who are willing to invest, even in a time of uncertainty. In a Press Release dated March 26, 2009 (Cleveland, OH), www.fractionalnews.com/flexjet.html , Flight Options announces that Directional Capital, an investment firm led by Flight Options Chairman Kenn Ricci, Resilience Capital Partners, a leading private equity firm, and key members of the Flight Options management team have made an additional investment in Flight Options, a leader and innovator within the private aviation industry. H.I.G. Capital also remains an investor.
Kenn Ricci is the founder of Flight Options and an aviation veteran credited with revolutionizing the fractional aircraft ownership industry. "We are confident that increasing the involvement of Kenn Ricci and the management team that helped pioneer the private aviation industry will result in a stronger company," said Steve Rosen, Co-CEO of Resilience Capital.
Flight Options,www.flightoptions.com, is a leading private jet aviation company with a fleet of more than 110 best-in-class aircraft that provides a full suite of services to businesses and high net-worth individuals. Flight Options provides fractional ownership programs to over 1,400 Owners and Members. Through the years, Flight Options has been an innovator in finding new ways to deliver real value, while always including five-star caliber service and personalized travel options. As the needs of their clients have evolved, so have the services and value-added benefits offered by Flight Options.
"This is an exciting investment for the Flight Options team. We have assembled an investor group and management team that is passionate about the business and is committed to the industry for the long term. While we are aware that the short term continues to contain challenges for our industry, we are confident that with the continued focus on delivering exceptional service and operating efficiently, we will be able to seek out opportunities and markets where we will continue to flourish," said Kenn Ricci, Chairman of Flight Options.
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