Steven Rosen is on the hunt for a gem — of a company, that is — and probably more than one. Directional’s OneSky Flight unit houses Flexjet, the number two seller of … Zanite Acquisition Corp (ZNTE) Team: Kenneth Ricci (Principal, Directional Aviation Capital), John Veihmeyer (former Global Chairman, KPMG International; Director, Ford Motor), Larry Flynn (former President, Gulfstream Aerospace). Corporate Jet Investor reported that Directional Aviation principal Kenn Ricci is launching a SPAC, quoting Ricci as saying “We don’t want to do the same thing again and these are exciting times in aviation. Kenn Ricci, the founder of Directional Aviation, is launching Zanite Acquisition Corp a special acquisition company or SPAC. I don't expect anyone reading stocks DDs on Reddit to be intimately familiar with the business of charter private jets. Having served within Mercury Air Centers and their huge restructuring. The CFO of the ZNTE SPAC has a particularly extended history with Mr Kenneth Ricci. It's what inspired the moniker for his latest endeavor, Zanite Acquisition Corp., a Cleveland-based SPAC (special purpose acquisition company) he's heading up with fellow co-CEO Kenneth Ricci.The Zanite name is a variation on tanzanite, a rare gemstone. Last August, Surf Air announced a planned SPAC, and last month, Blade made a similar announcement. Its principal, Kenn Ricci, was recently tied to a SPAC that is seeking to raise $100 million for aviation-related investments. A recent Special Purpose Acquisition Company (SPAC) led by Kenn Ricci, founder of Directional Aviation – one of the most successful business aviation investors, is a perfect example of this. Ricci is launching Zanite Acquisition Corporation, which will focus on advanced air mobility, sustainable aviation and other emerging technologies. Zanite Acquisition, a blank check company formed by Resilience Capital and Directional Aviation, raised $200 million by offering 20 million units at … His focus is electric aviation, sustainable aviation, and other emerging technologies. Kenn Ricci, the principal of Directional Aviation says, he is looking to make some deals in excess of $100 million. To a Chief principal within Directional Aviation Capital. In November, Kenn Ricci, principal of Directional Aviation, which owns Flexjet, Sentient Jet, PrivateFly, and FXAir, announced a separate SPAC with Zanite Acquisition Corporation thought to be targeting futuristic aviation solutions. Photo by Marvin Meyer on Unsplash 4. In November 2020, aviation investors Kenn Ricci and Steven Rosen established a SPAC called Zanite Acquisition. Having joining one of Mr Riccis earlier ventures, Corporate Wings, in 1984. Advisor: Ronald Sugar (former Chairman and CEO, Northrop Grumman; Chairman, Uber; Director of Apple, Chevron, Amgen) Directional is the the parent company of Flexjet, Simcon, Constant Aviation, Sentient Jet, Nextant, Corporate Wings, PrivateFly and other business aviation companies. It too conducted an IPO to join the Nasdaq exchange with a goal of raising $200 million through the sale of 20 million $10 shares and with the declared intention of investing in AAM and associated technologies. Corporate Jet Investor: Exclusive: Kenn Ricci Launching a SPAC. However, its focus is thought to be on more futuristic concepts. Why I'm putting $10000 into this SPAC: ... Kenn Ricci serves as co-CEO. Zanite is a blank check company, also referred to as a special purpose acquisition company, or SPAC, formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Basically, Flexjet is kind of like the Uber of private jets, and Kenn Ricci owns the company that owns Flexjet.