Flexjet's Kenn Ricci breaks down decision to go public through Horizon Acquisition SPAC

Flexjet Chairman Kenn Ricci joins CNBC's 'Squawk Box' to break down the company's decision to go public through a merger with a special purpose acquisition company, or SPAC. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
» Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: www.cnbc.com/2020/09/29/the-n...
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
www.cnbc.com/select/best-cred...
#CNBC
#CNBCTV

[@thoriumfluoride1270]

Ricci is a smart cat. He's in a great position and about to make it better with this deal.

[@garydavidson2367]

Where is the data wages are causing inflation is it just an excuse to cut cost

[@kevinwoods9274]

Of course they do?

[@adamturner9805]

Only Washington can cause inflation because only Washington can create money.

[@stephenyoungblood3683]

Great company!!!

[@Bradgilliswhammyman]

lol who the hell can afford private jets or jet rides...everyone a millionaire i guess.

[@thoriumfluoride1270]

Flexjet and other fractional ownership operations have an extensive waiting list.

[@Shadow__133]

Money is getting concentrated more and more. A lot more millionaires nowadays, as a matter of fact if you want to afford a good school for your kids and your own place to live, you need to be a millionaire.

[@laughattack1204]

It's hard to make money on flying alone. He gets new aircraft regularly, flexjet's fleet is impressive. He just built it up over time so now turnover is easy. Broken down his jets after all expenses taxes and depreciation he's making about $1250 or more per hour for each aircraft.

[@laughattack1204]

​@Shadow__133 Yeah, there is a lot of problems with the economy, and some evil group tries to stop anyone who wants to fix things. I'm just glad dollars are backed by oil.