Yet another sign of fractional jet growth.
OK, so you don’t need to be convinced that the fractional jet industry isn’t a fad. But still, here’s some news that suggests just how popular this choice is becoming–and how confident some well-informed, wealthy people are in the future of fractional flight.
Today Flight Options announced that they have ordered nearly $1 billion worth of Embraer’s “Phenom 300” light jets. Flight Options will receive 100 of these planes in the next ten years, with the option of an additional 50 aircraft. This move reinforces Flight Options’ position as the second-largest fractional jet provider in the world (behind NetJets). In addition, today is the day Flight Options officially transferred hands from former owner Raytheon Company to H.I.G. Capital, a private equity firm based in Miami with more than $4 billion in equity capital under management.
