Flexjet Being Sold To Flight Options’ Parent Company
Bombardier announced today that its fractional aircraft subsidiary Flexjet is being sold to Directional Aviation Captial, the company headed by Kenn Ricci (pictured in photo) that owns competing fractional provider Flight Options, among other companies. To be finalized by year-end, the deal is worth $185 million. Flexjet LLC, as the company will be known under Directional's control, also placed an order for up to 245 Bombardier business jets worth $5.2 billion.