RTX Corporation (RTX)

[dr_praeses]

CLEVELAND --(BUSINESS WIRE)--

Flight Options, LLC , a leading provider of fractional shares in business aircraft and a Raytheon Company (NYSE:RTN), announced today that the Company is now offering whole aircraft management services in addition to Fractional First ownership and JetPASS membership.

"Flight Options is proud to introduce yet another product to the aviation marketplace by offering increased access to services we have been providing for ten years as a leading fractional operator," said S. Michael Scheeringa, chief executive officer, Flight Options, LLC . "Our unparalleled experience in managing and maintaining one of the world's largest private jet fleets makes Flight Options the perfect match for owners looking for an aircraft management partner."
The Company offers a variety of unique aircraft management program options that can be specialized to fit the aircraft owner's needs while offering guaranteed revenue based upon owner flexibility, location and aircraft type. Aircraft entered in the management program will be operated by Flight Options and maintained by the largest dedicated maintenance network in general aviation.

"Due to our large customer base and unique ability to accurately forecast flight demand, we are able to guarantee a significant amount of charter revenue for our aircraft management partners," said S. Michael Scheeringa.

Flight Options, LLC , has earned a reputation as a leader and innovator within the private aviation industry. The Cleveland, Ohio -based company will mark its 10th Anniversary in 2008 and offers the complete spectrum of programs from Fractional First(TM) ownership to leasing, aircraft management, and JetPASS Ultimate Travel Membership. The company is an industry leader in private aviation safety as well, having been selected by the FAA to partner and participate in the development and implementation of a formal Safety Management System (SMS) soon to be required for all air service providers. Flight Options provides personalized service to its Owners and Members, with a fleet of over 140 aircraft consisting of the Beechjet 400A, Hawker 400XP, Hawker 800XP, Citation X and Legacy. More information is available at www.flightoptions.com or by calling 877.703.2348.

Source: Flight Options, LLC