CitationAir Ceases Sales of Fractional Jet Shares

BJT Waypoints

by Jeff Burger

CitationAir Ceases Sales of Fractional Jet Shares
CitationAir Ceases Sales of Fractional Jet Shares
Wednesday, February 8, 2012 - 12:45pm

Cessna's CitationAir has stopped selling fractional shares as well as memberships in its Jet Access program and has ceased renewals for current customers. The Connecticut-based company–which is refocusing efforts on its jet card and jet management businesses–will honor existing fractional and Jet Access contracts until they expire. It will then buy back fractional shares “in accordance with our customers’ agreements.” Customers who want to stay with CitationAir will need to transition to a jet card.

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Fractional Jet Ownership
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“When you get into the larger aircraft it becomes like a hotel, with dozens of staff supporting the plane based in a galley area down below. You have very comprehensive cooking facilities, and on larger aircraft we have looked at theatres, with spiral staircases and a Steinway grand piano. The limitations for what you can put inside a plane are pretty much the limits of physics, and even money cannot always overcome that. Even so, people are still always trying to push [the limits]. ”

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