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directional aviation capital

Directional Aviation Capital (DAC) is a private investment firm whose companies provide business aviation access and support services, including fractional ownership (Flexjet), jet cards (Sentient Jet), on-demand charter and booking-app technology (PrivateFly), remanufactured aircraft (Nextant), and aircraft . (Updated April 1, 2022) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil. Michael joined Corporate Wings in 1984 and has been a leader in the development of innovative business strategies in the aviation industry. Adam Twidell and his wife Carol Cork (pictured) founded PrivateFly in 2008 by mortgaging their house and created the first real online business jet charter portal. $3,050,000 In 2005, we bought 20 percent of the Mercury Air Centers in concert with Allied Capital, and after we sold it in 2007, we gen-erated enough capital to then take more con-trolling interests in aviation properties. We still partner on some of the really large deals, but for . Directional Aviation Capital (2162613000) Wikizer OH Cleveland Directional Aviation Capital Country US Phone 2162613000 Adress 355 Richmond Rd Postal Code 44143 Categories Private Equity Companies , Directional Aviation Capital FAQ What is Directional Aviation Capital phone ? The passion and vision in private aviation. Directional Aviation Capital. (including most attitude and directional gyros, etc. The group, moderated by Jerry L. Kelsheimer, former regional chairman, Fifth . Published on December 05, 2019 - Montreal, Canada - November 5, 2019 (NYSE: CAE; TSX: CAE) CAE confirmed that it has concluded the previously announced strategic partnership with Directional Aviation Capital (DAC), one of the largest, fastest growing, and most innovative corporate aviation service companies globally, as well as the acquisition of 50 percent of the shares of SIMCOM Holdings Inc. Capital Aviation Instrument Corporation C. Capital Aviation Instrument Corporation CLAIM THIS BUSINESS. About Directional. Directional Aviation, based in Cleveland, OH, was founded in 1981 by Kenn Ricci, and is a provider of investment capital focused solely on the private business aviation sector . Kenn Ricci is a longtime aviation executive, principal of privately held Directional Aviation Capital, a company with $2.5 billion in annual revenue that operates a family of private jet companies . Michael is a principal in Directional Aviation Capital. The biggest chunk of payroll support money, $84.4 million, is going to One Sky Flight LLC, which is part of Directional Aviation Capital, the Richmond Heights private investment firm that has a portfolio of business aviation companies. UPDATED: Full Year 2021 30 Largest Private Jet Operators Ranked. Directional Aviation Capital principal Kenneth Ricci, working with Resilience Capital Partners co-CEO Steven Rosen, appears poised to continue on the acquisition trail with the creation of Zanite . Directional Capital LLC, doing business as Directional Aviation, operates as an investment management firm. For more information, please visit www.zaniteacquisition.com. We invite you to learn more about us here. Directional Aviation, based in Cleveland, OH, was founded in 1981 by Kenn Ricci, and is a provider of investment capital focused solely on the private business aviation sector, including fractional jet ownership, jet cards and charter, open and closed fleets, and jet reimbursement and rebuild services. This was the genesis of Directional Aviation Capital as it exists today. Fast-growing FlyExclusive, including its Gulfstream operator Sky Night, jumps from the 8th spot . For more information, please visit www.constantaviation.com or call 216.261.7119 Like us on Facebook and follow us on Twitter. In 2005, we bought 20 percent of the Mercury Air Centers in concert with Allied Capital, and after we sold it in 2007, we gen-erated enough capital to then take more con-trolling interests in aviation properties. Mercury Air Centers' 24 FBOs were ultimately sold to Macquarie Infrastructure Trust in 2007 in a deal valued at $615 million. One Sky Flight LLC, which is part of Directional Aviation Capital, the Richmond Heights private investment firm that has a portfolio of business aviation companies, has acquired a United Kingdom-based helicopter travel provider.. The M&A market for private jet operators is hot. Together with . In March 2009, Directional Aviation Capital, an investment firm led by Ricci, and private equity firm Resilience Capital Partners, acquired an interest in Flight Options. They too could have had more capital . Directional Aviation Capital as it exists today. Kenneth Ricci is a 40-year aviation industry veteran who today is a Principal of Directional Aviation Capital which owns various aviation enterprises including Flexjet, Sentient Jet, PrivateFly, Tuvoli, Nextant Aerospace, Stonebriar Commercial Finance, Reva Air Ambulance, Corporate Wings, Simcom and Constant Aviation. Zanite was formed as a special purpose acquisition company to focus on the aviation sector. Ricci has created a special purpose acquisition company as his vehicle and is targeting larger acquisitions than in the past, according to an interview with Corporate Jet . He is the principal of Directional Aviation Capital, which operates a family of private aviation companies, including Flexjet, Flight Options, Sentient Jet, Sky Jet, Nextant Aerospace, N1 Engines and Constant Aviation. Its portfolio of companies includes among other things, Sentient Jet, an on-demand charter company, and Flight Options, which is its value-based brand for fractional ownership. Before COVID-19, Directional Aviation had been flying 300-320 revenue hours per day. SIMCOM is a privately-owned, comprehensive learning institution, which utilizes realistic simulator-based training to provide advanced aviation training services to professional pilots, owner-operators, Part 135 operators and maintenance . SIMCOM holdings Inc. will soon join Directional Aviation's family of private business aviation companies that include Flexjet, Sentient Jet and Flight Options. Phone: (216) 261-3000; 355 Richmond Rd., Cleveland, OH 44143; Site and all content © 2020 Directional Aviation. Who is Directional Aviation. Shaircraft CEO Cautiously Optimistic on the Future of Flexjet Under the Management of Directional Aviation BETHESDA, MARYLAND Directional's unique industry expertise enables them to quickly understand business aviation companies and provide the financing and operational strategy needed to take advantage of evolving market opportunities. The heads of Directional Aviation Capital, PlaneSense, and Wheels Up . It's an entrepreneurial outfit that mirrors both. Kenneth Ricci, principal of Directional Aviation Capital, a private investment firm that funds and owns business aviation companies, warned that corporate aviation must take action on the . NEW YORK, NY - MAY 09: (L-R) Directional Aviation Capital Chairman Kenn Ricci, Fox Business Network Anchor Liz Claman, Artemis Strategies Founder Hildy Kuryk, Warby Parker Co-Founder and Co-CEO Dave Gilboa, and Epic Foundation CEO and Foundation Alexandre Mars attend the Fifth Annual Town & Country Philanthropy Summit on May 9, 2018 in New York City. The firm seeks to invest in the aviation sector. Directional Aviation. Private equity investor: Directional Aviation Capital Having made money in business aviation Directional Capital's Kenneth Ricci and Mike Rossi think it makes sense to keep investing in the same field. For more information, please visit www.zaniteacquisition.com. Directional Aviation Capital as it exists today. Directional Aviation was founded in 1981 and is home to some of the most respected private aviation companies around the globe. Company | Directional Aviation Charting the course of private aviation. Continue reading Kenneth C. Ricci. Boeing has invested another $450 million in aviation startup Wisk Aero to develop . Fractional jet ownership leader, Flexjet, helmed by Kenneth Ricci, transformed an entrepreneurial idea into directional aviation capital. It did not disclose how much it paid for the U.K. company, Halo Aviation.One Sky said in a news release issued Wednesday, May 5, that the Halo Aviation deal follows . Like other companies in the private jet market, Flight Options saw its business diminish during the recession of 2008. Kenneth Ricci is a 40-year aviation industry veteran who today is a Principal of Directional Aviation Capital which owns various aviation enterprises including Flexjet, Sentient Jet, PrivateFly, Tuvoli, Nextant Aerospace, Stonebriar Commercial Finance, Reva Air Ambulance, Corporate Wings, Simcom and Constant Aviation. Zanite Acquisition, a blank check company formed by Resilience Capital and Directional Aviation, raised $200 million by offering 20 million units at $10. Not NetJets: Directional Aviation Capital Is A Major Player In Private Aviation You May Not Know. Zanite's sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners along with its Board of Directors and Strategic Advisors Mr. Larry Flynn, Dr. Ron Sugar, Mr. Patrick Shanahan and Mr. John Veihmeyer. 5th September 2018, 1:12. A 40-year aviation industry veteran, Kenn Ricci is a principal of Directional Aviation Capital, which owns enterprises including OneSky Flight and its Flexjet, Sentient Jet, and FXAIR brands.The latest addition to the OneSky portfolio is Halo, created through the alignment of the recently acquired helicopter operators Associated Aircraft Group (AAG) in the U.S. and Halo Aviation in the U.K. Zanite is led by co-Chief Executive Officers Kenn Ricci, co-owner of Directional Aviation Capital, which controls private-jet flight provider Flexjet, and Steve Rosen, co-founder of private equity firm Resilience Capital Partners. Zanite's sponor is managed by aircraft entrepreneur Kenneth Ricci, founder and CEO of Directional Aviation Capital in Richmond Heights, Ohio, and Steven Rosen, co-founder and co-CEO of Resilience . CAE has entered into a strategic partnership with Directional Aviation Capital (DAC). . Known for his driving passion for private aviation and . About Directional. Contact Information Website directional.com Year Founded 1981 Investor Status Actively Seeking New Investments Primary Investor Type PE/Buyout Primary Office 355 Richmond Road Cleveland, OH 44143 Rossi's extensive experience touches on all areas of general aviation, including jet fractional ownership, jet card programs, fixed-based operations . Kenneth Ricci is a principal at Directional Aviation Capital, a Cleveland, Ohio-based company that owns several aviation enterprises including Flexjet, PrivateFly and Constant Aviation. The Brazilian aviation giant spun off the Melbourne, Florida-based subsidiary in October. Zanite's sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners. Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Kenn Ricci's Directional Capital invests up to $20 million in each deal and exclusively focuses on private aviation. While privately held Directional doesn't publish any numbers, Ricci says altogether, the empire is about $2.5 billion in sales with 3,000 employees. Kenn Ricci: Our latest development, as you know, has been the opening of Flexjet's European office, here in London's Mayfair, which is home to some of the world's most respected brands and businesses. . Directional Aviation Capital 355 Richmond Rd Cleveland, OH Airport Services - MapQuest Back Print United States › Ohio › Cleveland › Directional Aviation Capital Directional Aviation Capital 355 Richmond Rd, Cleveland, OH 44143 (216) 261-3000 Claim this business (216) 261-3000 Directions Sponsored Topics Partial Data by Infogroup (c) 2022. Directional's unique industry expertise enables them to quickly understand business . Zanite was formed as a special purpose acquisition company to focus on the aviation sector. Currently Rossi works with all Directional Aviation's companies, providing guidance with capital, financing and operational needs and strategies. Mike Rossi began his aviation career at Corporate Wings in 1984 and has spent the last 25 years developing innovative business strategies within. Directional Aviation uses its unmatched expertise and unique vision for one focus: innovating and evolving the world of private aviation. Company Services History Zanite's sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners. Not NetJets: Directional Aviation Capital Is A Major Player In Private Aviation You May Not Know. Zanite's sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners. About Directional Aviation Capital Michael Rossi Chief Financial Officer. In 2005, we bought 20 percent of the Mercury Air Centers in concert with Allied Capital, and after we sold it in 2007, we generated enough capital to then take more controlling interests in aviation properties. Oct 22, 2020 6:32PM EDT. Seabury Capital ended the year 2019 with over $1 billion in assets and intends to leverage those resources to launch one or more specialized investment funds in aviation, travel, and technology in . Over 50 deals, fundraises, launches, and bankruptcies detailed. Ricci has spent more than 30 years developing innovative services in the aviation industry. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. The Company provides aviation, fractional jet ownership, private jet cards, aircraft . CAE (NYSE:CAE) has concluded the previously announced strategic partnership with Directional Aviation Capital, as well as the acquisition of 50% of the shares of SIMCOM Holdings for $85M.In. As part of this transaction, CAE will form a joint venture with DAC's affiliate, Volo Sicuro and acquire a 50% stake in SIMCOM Holdings for approximately US$85 million. Alasdair Whyte. Directional Aviation Capital today announced a definitive agreement for the purchase of Bombardier, Inc.'s Flexjet activities by Directional's newly-created company, Flexjet, LLC. "With this partnership with CAE, our operators will have access to the latest solutions in aviation training from the industry leader." Each unit consists of one share of common . We still partner on some of the really large deals, but Directional Aviation Capital Chairman Kenn Ricci, Fox Business Network Anchor Liz Claman, Artemis Strategies Founder Hildy Kuryk, Warby Parker. Directional Aviation Capital is a private investment firm focused on private business aviation. OneSky, part of Directional Aviation, said it is one of 200 or more companies that received funding through the program and that it helped prevent layoffs. However, the firm has subsequently recovered. Now flush with cash, Kenn Ricci elected to start another company - Directional Aviation Capital - in 2004 whose express purpose was to invest in other aviation-related companies and hold them under one central umbrella. In 2012 and 2013, Directional Aviation acquired Sentient Jet and Flexjet and has since added a variety of aviation companies to the Directional . Directional Aviation Capital 2162613000 . Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Flexjet Zanite's sponor is managed by aircraft entrepreneur Kenneth Ricci, founder and CEO of Directional Aviation Capital in Richmond Heights, Ohio, and Steven Rosen, co-founder and co-CEO of Resilience . Directional Aviation Capital Chairman Kenn Ricci; Epic Foundation CEO and Foundation Alexandre Mars, and Fox Business Network Anchor Liz Claman. Flight Options revenues rose from $35M to over $300M in just seventeen months, and after the merger with Raytheon, Kenn stepped down as CEO and founded the investment firm Directional Aviation Capital. Constant Aviation has raised the bar in aircraft maintenance expectations and provides customers with a one-stop shop option when it comes to maintenance events. 10660 AVIATION LN MANASSAS, VA 20110 Get Directions (703) 369-0500. www.capital-aviation.com . Through aviation entrepreneur, Kenn Ricci, and his principal investment firm, Directional Aviation Capital, we proudly took our place within the $1 billion aviation portfolio — a position we occupy alongside other private aviation leaders including Flight Options, Sentient Jet and Skyjet. The way it works is Notre Dame will be bequeathed a stake in Ricci's family limited partnership. The story of Nextant Aerospace cannot be told without first talking about Kenn Ricci, the man behind several major players in the business aviation industry, including fractional ownership Flight Options LLC and Directional Aviation Capital. NEW YORK - MAY 25, 2021 - Seabury Securities LLC, the wholly-owned investment banking arm of Seabury Capital Group LLC (collectively, "Seabury Capital") announced today that the company has advised Directional Aviation's OneSky Flight ("OneSky") company on the acquisition of Associated Aircraft Group ("AAG"), the premier provider of executive Sikorsky helicopter service in . Read More. The heads of Directional Aviation Capital, PlaneSense, and Wheels Up gathered at NBAA-BACE in Las Vegas for a panel discussion. In addition, DAC's affiliated business aircraft operators, which include Flexjet, Flight Options, Flairjet, Sirio, Nextant […] Directional Capital is managed by senior investment professionals - Dwayne Boothe and Corey Printup - who have over 30 years of combined experience in sponsoring entrepreneurs and building. NetJets remains in the top spot, followed by Directional Aviation's Flexjet, Wheels Up, and operators in which Vista Global holds a minority stake - XOJET, Red Wing, and Talon Air. Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. News from Directional Aviation Capital Family of Companies Flexjet Hosts Jet Owners atMiami's Hottest Ticket of The Year:Formula 1 Miami Grand Prix 2022 Flexjet, a global leader in fractional private jet travel, will host its jet Owners at the Formula 1 Crypto.Com Miami Grand Prix at the Miami International Autodrome (MIA) May 6-8, 2022. Kenn Ricci, Directional Aviation Capital founder and principal. Two new factors are driving increased interest. Directional Aviation ranked 11th on Crain's 2019 list of privately held companies, with 2018 revenue of $1 . The Cleveland-based SPAC raised $230 million in a November initial public offering. What It Is: Directional Aviation Capital is a private investment firm that funds its portfolio of business aviation companies, which contains such well-known brands as Flexjet, Sentient Jet, and Nextant Aerospace. Z anite Acquisition, a blank check company formed by Resilience Capital and Directional Aviation, filed on Thursday with the SEC to raise up to $200 million in an initial . ), engine instruments and aircraft systems indicators see list. Founded in 1981, the company is headquartered in Cleveland . Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. The deal, announced last week . all face is "achieving production certification," the principal of Directional Aviation Capital, Kenn Ricci . including his privately held business Directional Aviation Capital, which holds stakes in a . Zanite's sponsor is managed by Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steven H. Rosen, Co-Founder and Co-Chief Executive Officer of Resilience Capital Partners along with its Board of Directors and Strategic Advisors Mr. Larry Flynn, Dr. Ron Sugar, Mr. Patrick Shanahan and Mr. John Veihmeyer. Corporate Wings, which had remained independent from Flight Options throughout this period, would become its first subsidiary. Constant Aviation Completes 11th Custom Beechjet Interior CLEVELAND, OHIO — November 3, 2014 - Constant Aviation, LLC, a Directional Aviation Capital company offering full-service maintenance, repair, and overhaul with a nationwide network, announced the completion of their 11th custom Beechjet interior this year. Directional Capital is a private investment firm focused solely on private business aviation. Kenneth Ricci is a 40-year aviation industry veteran who today is a Principal of Directional Aviation Capital. Zanite was launched in November by business aviation entrepreneur Kenneth C. Ricci, Principal of Directional Aviation Capital, and Steve Rosen, who is co-CEO with Ricci of Resilience Capital Partners (and was previously in talks to merge with Lilium). Having been in the aviation industry for almost three decades, including over two decades as an operator . Shaircraft CEO Cautiously Optimistic on the Future of Flexjet Under the Management of Directional Aviation BETHESDA, MARYLAND During COVID, at one point it dropped to 8 hr . Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. We still partner on some of the really large deals, but Founded in 1981, Directional Aviation Capital is a private equity firm based in Cleveland, Ohio. Company profile page for Aviation Capital Group LLC including stock price, company news, press releases, executives, board members, and contact information Today, we operate one of the largest business aviation fleets globally, and we plan on having significant growth in the future," said Kenn Ricci, principal of Directional Aviation Capital. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. One Sky, part of Directional Aviation, has acquired online charter broker PrivateFly. Many of the world's leading private aviation companies are proud to be part of our family. The husband and wife team will stay with the business. ASPIRE 2017 started out with an Entrepreneurs' M&A Roundtable featuring four of Northeast Ohio's most prominent business leaders — Kenn Ricci, chairman of Directional Aviation Capital; Len Pagon Jr., CEO of Next Sparc; Stewart Kohl, co-CEO of The Riverside Co.; and Charles E. Hallberg, CEO of Renew Advantage. The aviation sector aviation directional aviation capital online Charter broker PrivateFly the development of innovative business strategies.. Covid, at one point it dropped to 8 hr # x27 ; 2019. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional aviation uses unmatched. Announces Completion of business Combination Between... < /a > Who is Directional aviation was in. Understand business ) 369-0500. www.capital-aviation.com development of innovative business strategies within aviation Charting the course of private aviation business within! 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