Fractional Provider Offers Residual-value Guarantee

Business Jet Traveler » April 2009
Monday, June 1, 2009 - 5:00am

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.

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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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