When Flight Options merged with Raytheon’s TravelAir last year, it instantly became the second-largest fractional ownership provider, behind only NetJets. Now it seems that the merger was only the first step. According to Aviation International News, Raytheon will take over operations of the fractional provider.
Raytheon plans to trim Flight Options’ nine-model fleet (which includes new and pre-owned jets) to streamline costs and keep prices competitive with other fractional providers. Raytheon will manage a fleet of more than 200 aircraft, including its own Beechjet 400A and Hawker 800XP. One-sixteenth share prices start at $195,000, plus management and flight fees.
Flight Options, 216.261.3880, 877.703.2348, www.flightoptions.com