Kenn Ricci

April 8, 2014 - 2:40pm

After filing a grievance, Flight Options pilot union leaders met late last week with representatives of the fractional providers’ parent company, Directional Aviation Capital (DAC), and Flexjet, which DAC purchased late last year.

October 1, 2013 - 4:35am
Kenn Ricci, Directional Aviation Capital (Photo: Jim Baron)

Directional Aviation Capital (DAC)–the Kenn Ricci-led company that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation, among others–announced last month that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals. All Flexjet employees, including president Deanna White, will remain in place, Ricci said.

September 5, 2013 - 11:32am

Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation, among others–announced today that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals. All Flexjet employees will be retained, Ricci noted.

September 5, 2013 - 9:25am

Directional Aviation Capital (DAC)–the company headed by Kenn Ricci that owns Flight Options, Sentient Jet, Nextant Aerospace and Constant Aviation–announced this morning that it is buying fractional provider Flexjet from Bombardier for $185 million. The transaction is expected to close by year-end, pending U.S. government approvals.

June 11, 2013 - 3:30pm

Nextant Aerospace has tapped Jet Aviation Geneva as an authorized service center in Europe for the company’s 400XTi, which is a remanufactured Beechjet 400A. Under the new agreement, Jet Aviation Geneva will provide maintenance services for Nextant’s aircraft across the continent. The companies also recently signed a similar agreement adding Jet Aviation Singapore to Nextant’s network of authorized service centers. The 400XTi received EASA certification last month.

March 27, 2013 - 1:10pm

First Aviation Services will sell its majority interest in Aerospace Products International (API) to Cleveland-based private equity firm Resilience Capital Partners. API is a global aviation parts and equipment distributor that also provides supply chain management services to the aviation industry. Resilience, which manages funds with more than $320 million in assets, says it will inject significant capital to make API more competitive and dynamic.

October 30, 2012 - 5:00pm
Nextant Aerospace founder and CEO Kenn Ricci

Nextant Aerospace founder and CEO Kenn Ricci said yesterday here at NBAA 2012 that his company will announce its next business jet remanufacturing program–dubbed “Project XXT”–in early January. It will be a midsize jet, he told AIN, with service entry scheduled for 2015. Ricci expects a mockup of the aircraft to be at the NBAA show next year, with first flight expected about 15 to 18 months from now.

October 30, 2012 - 3:35pm

Nextant Aerospace founder and CEO Kenn Ricci said today at NBAA 2012 that his company will announce its next business jet remanufacturing program–dubbed “Project XXT”–in early January. It will be a midsize jet that includes a fuselage modification, he told AIN, with service entry scheduled for 2015. Ricci expects a mockup of the aircraft to be at the NBAA show next year, with first flight expected about 15 to 18 months from now.

August 18, 2012 - 9:10am
Nextant 400XT

On display for the first time at LABACE, and making its Latin American debut, is the Nextant 400XT, “the world’s only FAA-certified, remanufactured business jet,” according to builder Nextant Aerospace.

 
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