Flight Options Restructures

Cleveland-based fractional provider Flight Options on March 18 announced a corporate restructuring “to deal with the unprecedented economic forces driving the global economy.” The restructuring will result in a furlough of about 105 employees at all levels of the company, including pilots, operations personnel and management. With the move, “We have positioned Flight Options to succeed in what is the reality of a dramatically different economy from just six months ago,” said company CEO Michael Silvestro.