Flight Options, Travel Air combine

 - May 27, 2008, 9:31 AM

Flight Options and Raytheon Aircraft are combining their fractional-ownership programs into a new company in which the “new” Flight Options will hold 50.1 percent and Raytheon will hold 49.9 percent. The new Flight Options will account for more than 1,600 share owners, 200 jets and 900 pilots. Raytheon Aircraft will also supply Flight Options with 115 new business jets.