Company Overview:

  • Flight Options offers a range of private-jet services including: fractional ownership, leasing, charter memberships and aircraft management
  • Second largest fractional jet operator
  • Operates and manages one the largest private aviation fleets in the United States
  • Maintains four operating locations with 680 employees: Cleveland, Ohio; Teterboro, New Jersey; Palm Beach, Florida; and Las Vegas, Nevada

Value Creation:

  • New Management
  • Built a new executive team, sales force and operations center
  • Refocus on maintenance
  • Process Improvement
  • Reduced annual operating costs and new labor pilot contract
  • Reduced third party charter
  • Business Mix Change
  • Restructured product offerings and simplified pricing to improve competitive positioning
  • Added to existing fleet
  • Financial and Information Management
  • New controls and reporting to ensure strict cash management
  • Cost management via maintenance
  • Sell or Deploy Assets
  • Re-established brand recognition through new paint scheme
  • Sold off excess lift capacity