Flight Options Completes Recapitalization Agreement with Investors
Flight Options LLC announced that it has completed a financial recapitalization agreement with Raytheon Company’s wholly owned subsidiary, Raytheon Travel Air, and other investors. The result of this agreement will result in Raytheon owning approximately 65-percent interest in the Cleveland-based fractional operator. Under the agreement’s terms, Raytheon exchanged certain Flight Options LLC debt it holds […]