In August 1999, MCP invested alongside management in Flight Options, a long-standing provider of aircraft charter and maintenance services that recently initiated a fast-growing fractional jet aircraft ownership program. By participating in a fractional program, owners are assured that a well-maintained aircraft operated by experienced pilots will be available to them anywhere in the United States. By using pre-owned, completely refurbished aircraft within its fractional program, Flight Options is able to offer fractional jet ownership at a substantially lower price than its competitors while providing comparable levels of service, reliability and safety.
In December 2005, Raytheon acquired MCP's investment in Flight Options.
Date of Investment: August 1999
Date of Exit: December 2005
Web Site: www.flightoptions.com