Ricci returns to Flight Options

 - April 28, 2008, 9:17 AM

Two new companies have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings. Both Kenn Ricci, principal for Directional Aviation, and Steve Rosen, cofounder of Resilience Capital Partners, will join the HIG Transport Holdings board of directors. Ricci, one of the founders of Flight Options, left in February 2003 as Flight Options was being acquired by Raytheon. Raytheon sold Flight Options to HIG Capital in November.