Flight Options Press Release

Flight Options Is First and Only Fractional Provider to Earn Prestigious ARGUS Platinum Safety Rating

Flight Options has been awarded the Aviation Research Group/US (ARG/US) Platinum Safety Rating.  Flight Options is one of only 39 U.S. air carriers to receive the rating, and is the first and only fractional jet program worldwide to achieve this status

Flight Options, a leading provider of fractional shares in jet aircraft, has been awarded the Aviation Research Group/US (ARG/US) Platinum Safety Rating.  Flight Options is one of only 39 U.S. air carriers and the first and only fractional jet program worldwide to achieve this status.

Flight Options received the Platinum rating, the highest safety level given by ARG/US, as result of passing all sections of the ARG/US Charter Evaluation and Qualification report (CHEQ) during an on-site audit conducted by ARG/US May 20 – 24, 2002.  The audit was requested by Flight Options following the recent combination of Flight Options, Inc. and Raytheon Travel Air.

“Our owners’ safety is the most important aspect of our fractional program and we are honored to receive the Platinum rating,” said Kenn Ricci, Flight Options chairman and CEO.  “Flight Options takes great pride in the maintenance of our aircraft and the hours of training our crews complete each year.”

Introduced by ARG/US in 1998, CHEQ focuses on three major criteria:  historical safety ratings, current aircraft and pilot data, and passage of a Department of Defense-sanctioned on-site safety audit.  Following an analysis of each area, ARG/US awards a safety rating of Silver, Gold or Platinum to FAR Part 135-charter operators that meet or exceed the criteria.

Founded in 1998, Flight Options pioneered the concept of offering shares in previously owned jets.  This allowed the company to present a cost savings of 35% on comparable programs offered by their competitors, opening private jet travel to a broader audience.  With the addition of new jets to its fleet, the company continues to be an innovator in the industry with its highly competitive Factory-Supported Pricing™ plan.  Flight Options offers fractional shares in its fleet of over 200 aircraft, which includes the world’s largest fleets of Beechjet 400A’s and Hawker 800’s.  The fleet also includes the King Air B200, CitationJet, Citation V, Citation 650, Hawker 800XP, Falcon 50, Challenger 601 and Gulfstream IV."

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