Flight Options International Inc.

Client

Flight Options was a privately held $250 million seller of fractional shares in private business jet aircraft and provider of related operational services.

Challenge

The Company was in the midst of a program to attract new financing from public and private equity markets. It needed assistance in standardizing finance accounting procedures and processes in order to track operating costs and report results in a timely manner. Significant financial reporting issues were preventing the Company from completing its audited financial statements.

Solution

Bridge provided a financial restructuring team, including an interim CFO. In that role, Bridge performed intense process value analysis of all financial processes, assessed and improved internal financial controls and performed an overall business assessment to facilitate discussion with potential investors.

Results

The Bridge solution significantly enhanced the quality and timeliness of financial information and produced audited financial statements. As a result, the Bridge Team was able to produce reliable financial information to assist in attracting new investors. This ultimately resulted in a merger with Raytheon's fractional share group.