“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Fractional Provider Offers Residual-value Guarantee
CitationShares, Cessna's fractional ownership, membership card and aircraft management services division, has announced a three-year, 100-percent residual-value guarantee on new purchases of preowned shares. The guarantee applies to one-sixteenth shares (50 hours a year of flying time) or larger and may be exercised in months 13 through 36 of the contract. The offer extends through the end of June or until the provider's preowned inventory is gone. CitationShares has also unveiled Supplemental Lift, a program that it claims offers corporations and their flight departments a way to reduce costs and overhead while helping them provide travel services for their businesses.