Kenn Ricci
American businessman
Kenneth C. "Kenn" Ricci is an American aviation entrepreneur, the principal of Directional Aviation Capital, which owns or invests in various aviation enterprises including Flight Options and Flexjet, where he is chairman. He is an operating partner at Resilience Capital Partners, a private equity firm with a variety of portfolio companies, including an investment in Flight Options, and has helped found or lead other companies, including Nextant Aerospace and Constant Aviation.
Corporate Wings
In 1981, Ricci began his entrepreneurial career by buying Corporate Wings, an aircraft management and charter operation company providing charter flight service, for $27,500 using a bank loan. The company grew rapidly, with annual revenues increasing from $300,000 to approximately $3.4 million between 1981 and 1985. The firm was named to the Inc. 500 list of America's fastest-growing companies.
Over time, Ricci expanded Corporate Wings into a diversified service-oriented transportation firm that provided other aviation support services, including aircraft maintenance, fueling and storage, and other aspects of aircraft operations.
In 2005, Corporate Wings acquired a stake in Mercury Air Centers, a company operating aircraft support facilities at airports around the U.S. As chief executive officer, Ricci realigned its operating divisions, deployed $245 million of invested capital and eventually sold the company to the Macquarie Infrastructure Trust in 2007. The deal was valued at $615 million.
Flight Options
Ricci founded Flight Options in 1998 (1998) in an effort to develop a nationwide fractional jet services ownership program.
“Kenn Ricci” enters the record as american businessman. Crown Archives preserves that source wording while asking what Kenn, Ricci and American can confirm, complicate or overturn.
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