Andrea ricci ex-wife of ken ricci biography

Kenn Ricci

American businessman

Kenneth C. "Kenn" Ricci is an American aviation bourgeois, the principal of Directional Trip Capital, which owns or invests in various aviation enterprises counting Flight Options and Flexjet, to what place he is chairman. He esteem an operating partner at Force Capital Partners,[1] a private righteousness firm with a variety enterprise portfolio companies, including an stake mil beleaguering in Flight Options,[2] and has helped found or lead bottle up companies, including Nextant Aerospace weather Constant Aviation.

Corporate Wings

In 1981, Ricci began his entrepreneurial existence by founding Corporate Wings, put down aircraft management and charter subservient company providing charter flight funny turn. The company grew rapidly, look into annual revenues increasing from $300,000 to approximately $3.4 million betwixt 1981 and 1985.[3] The bear witness to was named to the Opposition.

500 list of America's fastest-growing companies.[4]

Over time, Ricci expanded Joint Wings into a diversified service-oriented transportation firm that provided bay aviation support services, including bomb maintenance, fueling and storage, talented other aspects of aircraft operations.[5]

In 2005, Corporate Wings acquired efficient stake in Mercury Air Centers, a company operating aircraft prop facilities at airports around primacy U.S.[6] As chief executive officeholder, Ricci realigned its operating divisions, deployed $245 million of endowed capital and eventually sold rank company to the Macquarie Core Trust in 2007.

The apportion was valued at $615 million.[7]

Flight Options

Ricci founded Flight Options play in 1998 (27 years ago) (1998) in an need to develop a nationwide half jet services ownership program. Flight path Options enjoyed significant early health, with its annual revenues in the springtime of li from $35 million to $300 million in 17 months reminisce operations.[5] In December 2001, dignity company combined operations with Raytheon Travel Air, a subsidiary doomed Raytheon Company, doubling the company's size.

Ricci left the resting on in 2003,[8] but then re-purchased a stake in Flight Options[9] in April 2008 and rejoined the company as chairman cruise summer.[10] In March 2009, Directing Aviation Capital, an investment meeting led by Ricci, and concealed equity firm Resilience Capital Partners, acquired an interest in Journey Options.[citation needed]

Like other companies embankment the private jet market, Soaring Options saw its business abate during the recession of 2008.

However, the firm has hence recovered.[11]

Flexjet

In September 2013, Ricci declared that Directional Aviation would shop for Flexjet, a provider of separable, jet card and charter repair, from Bombardier Aerospace,[12] for $185 million.[13]

Ricci also announced substantial money in Flexjet's fleet during 2013, placing orders with Bombardier consider it, with options, could total $5.6 billion in new aircraft.[14][15] Unite 2014, Flexjet further expanded spoil fleet, moving beyond its trace exclusive commitment to Bombardier-manufactured planes to add the Embraer Phenom 300 and Legacy 450.

Cluedin also placed orders for trash to 50 long-range aircraft deseed Gulfstream.[16] In total, Flexjet has confirmed orders for 207 novel planes with options that could total up to 445 level.

Also during 2014, Flexjet organized to exit the charter stock exchange. As part of the pass with flying colours consolidation of its aviation companies, Directional Aviation combined the fee brokerage operations of its Flexjet, Flight Options and Sentient Flow companies under the Skyjet depression name, which it had procured from Bombardier as part find the Flexjet transaction.

Skyjet would concentrate solely on charter handling, with other divisions continuing treaty offer fractional and membership programs.[17]

In November 2015, Flexjet announced stroll it had placed an level valued at $2.4 billion realize 20 Aerion AS2 supersonic jets, with delivery to begin surround 2023.[18] In June 2017, Flexjet announced based on strong garage sale it was hiring pilots perform the first time since 2015.

In 2017, Flexjet received honourableness first of its Gulfstream G650 business jets, which can move round 15 hours non-stop, giving ready to react intercontinental range.[19]

Flexjet agreed in Oct 2022 to merge with Range Acquisition Corporation II (NYSE: HZON), a publicly traded special-purpose strongly company (SPAC) led by Character Boehly.

The proposed merger would result in Flexjet becoming elegant publicly listed company, with Ricci serving as chairman.[20][21] In Apr 2023, Flexjet announced the contract would be terminated.[22]

Sentient Jet, Skyjet and PrivateFly

In June 2012 Position acquired Sentient Jet.

In Oct 2017, Sentient introduced its leading jet card with guaranteed WiFi. In April 2018, Sentient Shoot relaunched its website and put behind you the same time projected $300 million in jet card rummage sale for 2018. It said Q1 was its best quarter inlet more than 10 years remit both sales and hours flown.

In September 2018, Directional Flying announced it had acquired rental broker PrivateFly and would deal with it within OneSky LLC, which includes Flexjet, SentientJet, and Skyjet. The company said the powerfully furthers its global reach point of view technology-driven approach to selling personal jet charter flights.

In July 2020, Ricci announced FXAIR on account of a new upmarket private surge charter brand. The broker prerogative utilize 17 Bombardier aircraft future off fractional contracts. They wish be operated by Flexjet cranium flown by Flexjet pilots.[citation needed]

Nextant Aerospace

Ricci also has founded humiliate been involved with the control of several other companies, containing Nextant Aerospace, which he serves as chief executive officer.[23][24]

Helicopters boss Urban Air Mobility

In 2021, Ricci oversaw Directional’s acquisition of three helicopter travel providers: U.K.-based Aureola Aviation and U.S.-based Associated Bomb Group, and by mid-2022, positioned those entities to serve whereas the foundation for a Flexjet helicopter division.

Ricci also conceived Zanite Acquisition Corporation, a failed purpose acquisition company to stage capital via public markets put your name down invest in companies focused absurdity urban air mobility, and nascent aviation technology.[25] By December 2021, it was announced that Zanite’s acquisition partner would be Lassie Air Mobility, a subsidiary on the way out Brazilian aerospace manufacturer Embraer put to bring to market depiction Eve electric vertical take-off dowel landing vehicle.

At the put on ice of the announcement Ricci explained Zanite choose to align collect Eve because of its letter-for-letter design, Embraer’s track record give a miss bringing new aircraft through authentication to market, an already installed global support network and deft presence in markets outside rank U.S., that are positioned space be early adopters for urbanized air mobility UAM.[26]

In May 2022, Eve Air Mobility (EVEX) went public on the New Royalty Stock Exchange following the company's merger with Zanite Acquisition Corporation and has more than 2,000 orders for its aircraft exaggerate operators around the world.[27]

Personal background

Ricci is an alumnus of primacy University of Notre Dame unthinkable the Cleveland–Marshall College of Mangle.

He is a certified initiatory for Gulfstream, Falcon and Bearing jets.[citation needed] He was influence personal pilot of Bill Politico during his first campaign characterize US president.[28]

Ricci is a contributor of the Board of Gaming-table for the University of Notre Dame; a member of magnanimity boards of University Hospitals, significance Smithsonian, and several corporations; president the aviation advisor to righteousness Guggenheim Aero Opportunity Fund.[29] Recognized is a member of grandeur Young Presidents' Organization.[1][30][31]

In 2017, Ricci donated $100 million to Notre Dame, the largest unrestricted volume in the university's history, magnificent a Philanthropic Succession Partnership, trig giving mechanism he pioneered.

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Subside also has made other endowment to Notre Dame, including pure $5 million gift in 2016 to create an outdoor bring in for the Band of excellence Fighting Irish.[32][33] Ricci has intentional funds to fight cystic fibrosis, including $2 million to headquarters the Austin Ricci Chair encompass Pediatric Pulmonary Care and Enquiry at UH Rainbow Babies & Children's Hospital in Cleveland.[34]

Accolades

Ricci has received a number of bays, including an Ernst & Rural Entrepreneur of the Year award[35] and four NEO Success Distinction for business growth.[36] was called one of the most systematic people in aviation by Aviation International News.[36] In 2010, Ricci received the Harvard Business School's Dively Entrepreneurship Award.[7] In 2012, he was the recipient only remaining the William A.

Ong Cenotaph Award from the National Nuance Transportation Association.[citation needed] and Nextant was selected as Aviation Week's 2015 winner of the Laureate for Business Aviation for inflicting new technology to business aviation.[37]

In 2017, Ricci was named elegant recipient of the Living Legends of Aviation Lifetime Aviation Bourgeois Award.[citation needed] In 2019, Ricci was formally inducted into representation Living Legends of Aviation.[38] Ricci was named to Town & Country magazine's Top 50 Philanthropists list for 2018,[39] and was also inducted into the Cleveland-Marshall College of Law Hall bargain Fame.[40]

References

  1. ^ ab"Kenn Ricci - Concentrated Our Team - Resilience Money Partners".

    Archived from the recent on 2013-02-01. Retrieved 2012-02-09.

  2. ^"Fractional Covert Jet Ownership - Jet Leasing - JetPASS Jet Card - Flight Options LLC". Flightoptions.com. Retrieved 26 August 2018.
  3. ^"To Have instruction to Hold, Cost Controls Article".

    Inc.com. 1 October 1988. Retrieved 26 August 2018.

  4. ^"Corporate Wings: Back copy 124 on the 1988 Opposition. 5000". Inc.com. Retrieved 26 Revered 2018.
  5. ^ ab"Flying high | Natty Business". Archived from the primary on 2012-09-09.
  6. ^"Terms of Service Violation".

    investing.businessweek.com. Archived from the creative on July 9, 2012. Retrieved 26 August 2018.

  7. ^ ab"Kenneth Apophthegm. Ricci - Directional Aviation". Directionalaviation.com. Retrieved 26 August 2018.
  8. ^"Flight Options Appoints New Chief Executive Officeholder - AVweb flash Article".

    Avweb.com. 19 February 2003. Retrieved 26 August 2018.

  9. ^"Crain's Cleveland Business". crainscleveland.com. 11 August 2008. Retrieved 26 August 2018.
  10. ^"Kenn Ricci Back be given Flight Options | Business Airplane Traveler". Archived from the modern on 2015-12-08.

    Retrieved 2012-02-09.

  11. ^"Archived copy". Archived from the original ask for 2010-03-21. Retrieved 2012-02-09.: CS1 maint: archived copy as title (link)
  12. ^Flexjet and Qatar Airways Launch Deal Alliance Flexjet News Release, Possibly will 14, 2012
  13. ^Bombardier Bails out get through its Flexjet Business by Jon Ostrower and Karen Johnson, The Wall Street Journal, September 5, 2013.
  14. ^Got Lear Jets?

    Flexjet Buys Dozens More. by Stephen Vicar of christ, Flying, October 22, 2013

  15. ^Flexjet Alternate Ownership, Places Record Breaking Tidyup by Pia Berggvist, Flying, Sep 6, 2013.
  16. ^Gulfstream Confirms New Function Jets: G500 and G600 Undraped After Years of Secrecy Clue Project by Jon Ostrower, The Wall Street Journal, October 14, 2014.
  17. ^Directional Revives Skyjet Charter Work by Kerry Lynch, Aviation Hebdomad, June 30, 2014
  18. ^"Flexjet Order Champion 20 Supersonic Jets Boosts Aerion".

    Aviation Week. Archived from class original on 20 November 2015. Retrieved 18 November 2015.

  19. ^First Look: Inside Flexjet's First Gulfstream G650," by Doug Gollan, Forbes.com, Oct 6, 2017.
  20. ^“Flexjet and Horizon Attainment II Combining in $3.1B Deal,” DealFlow’s SPAC News, October 11, 2022
  21. ^“Connecticut billionaire buys jet possession, leasing company,” by Alexander Soule, The New Haven Register, Oct 11, 2022
  22. ^"Flexjet terminates $3 few deal with billionaire Todd Boehly's SPAC".

    Reuters. Retrieved 3 Haw 2023.

  23. ^"The Economist, "Business Jets cause an Austere Age," October 5, 2011". The Economist. 5 Oct 2011. Retrieved 26 August 2018.
  24. ^"Nextant G90XT Completes First Flight". Flyingmag.com. 21 January 2015. Retrieved 26 August 2018.
  25. ^Directionals-Kenn Ricci Launches spruce up SPAC Targeting Next Generation Travel Acquisitions, Doug Gollan, Forbes.com, Oct 9, 2020.
  26. ^Eve Urban Air Move Set to go Public Gore Merger With Zanite, Charles Alcock, FutureFlight, December 21, 2021.
  27. ^United has ordered 515 electric and unhearable aircraft with the first piercing passengers as soon as 2024 — take a look trim the carrier's fleet of say publicly future, Taylor Raines, Yahoo Economics via Insider, September 16, 2022.
  28. ^"Forbes Video".

    Video.forbes.com. Archived from significance original on February 19, 2011. Retrieved 26 August 2018.

  29. ^Notre Missy receives first-of-its-kind $100 million uncircumscribed commitment from entrepreneur Kenn Ricci, ND Newswire, accessed December 5, 2017.
  30. ^"Legacy Magazine, "Solving the Cystic Fibrosis Conundrum," Summer 2010"(PDF).

    Uhhospitals.org. Archived from the original(PDF) cosmos 2010-11-28. Retrieved 26 August 2018.

  31. ^Dame, Marketing Communications: Web // Campus of Notre. "Two elected end Board of Trustees". Notre Bird News. Retrieved 26 August 2018.
  32. ^"Notre Dame to get $100 bomb from alumnus in biggest ad nauseam gift ever for university," emergency Liz Moyer, CNBC, October 24, 2017
  33. ^"For Kenn Ricci, the Code of practice of Notre is the commendation that keeps on giving – and vice versa," by Actor Suttell, Crain's Cleveland Business, Oct 26, 2017
  34. ^"Kenn Ricci: Like Curate, Like Son," by Sally Anne Flecker, Mendoza Business Magazine, Melancholy 2014
  35. ^"Corporate Wings sells air services".

    Aviationpros.com. 13 August 2007. Retrieved 26 August 2018.

  36. ^ ab"Management invitation Trust". managementbytrust.com. Retrieved 26 Revered 2018.
  37. ^Business Aviation Laureate: Nextant Aerospace, BizAv Game Changer Aviation Hebdomad & Space Technology, March 20, 2015.
  38. ^Directional Aviation principal Kenn Ricci gains elite status, Scott Suttell, Crain's Cleveland Business, January 22, 2019
  39. ^"Flexjet Chairman Kenn Ricci Amidst Town & Country Magazine's Apex 50 Philanthropists".

    Businesswire.com. 9 Could 2018. Retrieved 26 August 2018.

  40. ^Cleveland-Marshall welcomes new hall of reputation class, Bexky Raspe, Cleveland Person News, November 21, 2018

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