Tag: fractional private jet ownership

Inside Directional Aviation Capital: The World’s Largest Aviation Investment Firm

2Apr

By Alya KulikovaNo Comments

Analysis

Inside Directional Aviation Capital: The World’s Largest Aviation Investment Firm

Headed by Kenn Ricci, the legendary aviation executive and pilot, Directional Aviation has become the largest aviation firm in the world by profit through its ownership of more than a dozen companies. With over 2,200 employees worldwide, $2.5 billion in revenue and over 200,000 flight hours annually, Directional Aviation operates in nearly every aspect of business aviation, competing with the likes of NetJets, VistJet and even Cessna to various extents! (adsbygoogle = window.adsbygoogle || []).push({}); Background Before Directional Aviation was born, Kenn Ricci was a University of Notre Dame graduate and former ROTC cadet who'd begun working as a pilot. Early into his career, however, he was laid off as a result of the early 1980's recession. After talking ...

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...