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Tag "Kenn Ricci"

Directional Aviation acquires SIMCOM Holdings, Inc. from J.W. Childs Associates

Directional Aviation acquires SIMCOM Holdings, Inc. from J.W. Childs Associates

J.W. Childs Associates has announced the signing of a definitive agreement to sell SIMCOM Holdings, Inc. and its affiliated companies to Directional Aviation, a family of companies whose singular focus is business aviation. The transaction is expected to close by

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PrivateFly bets the house

PrivateFly bets the house

There are many ways of reducing risk when you start a new business. You could test the concept while staying in your job or find investors and use other peoples’ money. The other extreme might be to sell your home

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Kenn Ricci’s Directional Aviation buys PrivateFly

Kenn Ricci’s Directional Aviation buys PrivateFly

One Sky, part of Directional Aviation, has acquired online charter broker PrivateFly. Adam Twidell and his wife Carol Cork (pictured) founded PrivateFly in 2008 by mortgaging their house and created the first real online business jet charter portal. The husband

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Flexjet pilots votes to decertify Teamsters

Flexjet pilots votes to decertify Teamsters

Cleveland – May 31, 2018 – Flexjet, a leading provider of fractional jet ownership, congratulated its pilots on successfully decertifying the International Brotherhood of Teamsters (IBT) Local 1108, which previously represented the pilots. This move will give Flexjet’s pilots a

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Flexjet takes delivery of “one of the finest aircraft in business aviation”

Flexjet takes delivery of “one of the finest aircraft in business aviation”

Fractional jet provider Flexjet is taking delivery of two Gulfstream G650s – making it the only company in its category of shared jet ownership to offer the award-winning aircraft. Flexjet took delivery of the first G650 last week and is

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Flexjet to Introduce the Legacy 450 to fleet

Flexjet to Introduce the Legacy 450 to fleet

Flexjet will add a Embraer Legacy 450 midsized program to its current new-aircraft collection. “With the program being launched this month, Flexjet is offering a real-time solution to current and prospective owners in need of a more spacious, more capable

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Flexjet takes delivery of first two G450LXis

Flexjet takes delivery of first two G450LXis

Flexjet has taken delivery of its first two Gulfstream G450LXis. The deliveries are part of an order placed in October 2014 for up to 50 aircraft. The G450LXi will be publicly unveiled at the NBAA Regional Forum at New Jersey’s

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Flexjet celebrates 20 years

Flexjet celebrates 20 years

Flexjets celebrated its 20th birthday after being launched on 15 May 1995.  Bombardier Aerospace launched FlexJet, it is now owned by Kenn Ricci‘s Directional Capital which acquired it in 2013. In 2015, the company has continued to grow, with fractional

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Kenn Ricci: the investor

Kenn Ricci: the investor

Kenn Ricci is No. 1 on the Corporate Jet Investor Power List 2015. Kenn Ricci was 25 when he made his first aviation acquisition. Corporate Wings had a Piper Navajo with a Part 135 Certificate and an owner looking to

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Learjet 85: Pause for thought

Learjet 85: Pause for thought

Bombardier has paused the Learjet 85 because of weak demand. And the CSeries. It is not a massive surprise, but Bombardier’s announcement that it is “pausing” the launch of the Learjet 85 is a depressing one. Bombardier says that it

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