Nextant Aerospace founder and CEO Kenn Ricci said today at NBAA 2012 that his company will announce its next business jet remanufacturing program–dubbed “Project XXT”–in early January. It will be a midsize jet that includes a fuselage modification, he told AIN, with service entry scheduled for 2015. Ricci expects a mockup of the aircraft to be at the NBAA show next year, with first flight expected about 15 to 18 months from now.
Cleveland-based Flight Options came full circle this week when company founder Kenn Ricci returned to the helm, some six years after he sold the fractional provider. He now comes back to a flagging company in need of help, not to mention one with pilot labor problems. AIN spoke with Ricci to find out his plans for turning Flight Options around, as well as making peace with the pilots.