RAS to provide flight options maintenance

Flight Options, the second-largest fractional operator behind NetJets, and Raytheon Aircraft Services (RAS) reached an agreement in which RAS will provide all maintenance for the operator’s entire fleet. RAS will dedicate additional facilities for Flight Options maintenance, and all Flight Options mechanics will become RAS employees. The deal initially is for five years and represents a $400 million investment by RAS, according to Flight Options. Of the company’s more than 200 airplanes, about 75 percent are Raytheon Aircraft models. Average age of the fleet is nearly 10 years.