KR is making his comeback (From AIN)

[XShipRider]

[font=Verdana, Arial, Helvetica, sans-serif]Management Changes at the Top for Two FBO Chains
The top spots at two of the country’s largest FBO chains are changing hands. Mercury Air Centers (16 locations) has confirmed that president John Enticknap has been replaced by Randall Jones; and Signature Flight Support (43 North American locations) has verified that Beth Haskins will step down in September. Signature has not named a replacement for Haskins, who served as the company’s CFO before taking the reins as president in 2000. Mercury Air Group recently sold the Mercury Air Centers chain to investment firm Allied Capital. Kenn Ricci, owner of four Corporate Wings FBOs and founder and former CEO of fractional provider Flight Options, recently completed a deal with Mercury Air Centers that involved shifting control of Corporate Wings to Mercury in exchange for an equity position with the chain. Early this afternoon Jones declined to comment, deferring to Ricci, whom he said would be “available for comment within two weeks.”[/font]

 

[leardawg]

Ricci will make an attempt to re-acquire Flight Options; it's only a matter of time. He'll probably wait until Raytheon is desperate to unload it, and buy it back cheap.

 

[Dep676]

That guy is big sleezbag. He seesm to be able to weasle his way into anything.

 

[cjdriver]

Sounds like he just unloaded Corporate Wings on Mercury. He's probably going to retire. He won't be back.

 

[Dep676]

No he is the new CEO of Mercury and will be changing the name to Corporate Wings. Already been done in CHS and one other place. Will be happening in PHF too.

 

[leardawg]

Sounds like he just unloaded Corporate Wings on Mercury. He's probably going to retire. He won't be back.

He recently told an acquaintance of mine that taking Flight Options back was a possibility, if conditions were right. He's definitely thinking about it!

 

[Galaxy]

wrong, worng , wrong. He has NO interest in buying FLOPS back. I chatted up one of his pilots and long time employees and friend. He claims that this FBO thing is his new venture. He is changing the names to some of the FBO's but wants to change the service image of all the Mercury FBO's to mirrow the service Signature and remodel the building to make them pleasing to pax and crew. His other goal is to spread his wings across the US with people parts planes (organ donor).

Now you heard it straight from the beavers mouth!

 

[leardawg]

My source is pretty reliable. He mentioned the possibility during idle conversation about how things were going at FLOPS. It's not on his immediate radar screen, but he didn't rule out the possibilty.

 

[waka]

He recently told an acquaintance of mine that taking Flight Options back was a possibility, if conditions were right. He's definitely thinking about it!

one can only hope. raytheon's boys are trashing flops

 

[leardawg]

My source also asked K.R. about the rumor he was the "mystery buyer" of several hundred Adam VLJs, or whether he was planning on getting into that business. He responded by talking about the potential of the VLJ concept in general, and then got kind of coy, and said something to the effect of " that's probably all of what I'm willing to let you see behind the curtain", and left it at that. I think his plans are much more ambitious than just running a chain of FBOs. If, how and when FLOPS figures into these plans remains to be seen.