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
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[@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.

[@thoriumfluoride1270]

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

[@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.