Tag: Flexjet

5Jan

By Christopher HarrowNo Comments

Opinion

Is Fractional Private Jet Ownership Worth it?

Over the last few years, fractional private jet ownership companies like Warren Buffett's NetJets and Kenn Ricci's Flexjet have seen a boom in demand. More people than ever before want to own their own slice of a private jet, and are willing to through the nose for it. Indeed, the average fractional private jet owner has a net worth of at least $250 million and spends an average $7.5 million acquiring their jet! So at that price, is it truly worth the cost? (adsbygoogle = window.adsbygoogle || []).push({}); What is Fractional Private Jet Ownership? The idea of fractional aircraft ownership goes back to the beginning of aviation. When aircraft became available for people to purchase and fly recreationally, flying clubs began to form and brought pilots from all back...

1Jan

By Salomón MarcoNo Comments

Analysis

Inside Kenn Ricci’s Private Aviation Empire

Though few know his name, Kenn Ricci sits at the helm of arguably the largest private aviation empire ever built, one who operates 150 aircraft, employs more than 2,200 people worldwide and has more than $2.5 billion in revenue! Who is Kenn Ricci? Kenneth C. Ricci, known as "Kenn" to his friends, was born on September 3 1956 and grew up in a suburb of Cleveland, Ohio. A mathematically gifted student, Kenn decided he wanted to become an accountant and enrolled at the University of Notre Dame to help make this happen. Following the advice of "Use your time in college to find your passion" given to him by his father, as well as help him pay his tuition, Kenn got involved with the US Air Force's Reserve Officer Training Corps (ROTC) and learned to fly. Later, he grad...