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 I made the film The Invention of Lying, they gave me a private jet for getting back and forth between New York and London. I thought, ‘I will never use it’ but I ended up using it every weekend. You turn up, right, and the airport is completely empty. I mean, there’s just someone at the desk and then the pilot, who says, ‘Are you ready to go?’ and you say, ‘Don’t you want to see my passport?’ and he goes, ‘Oh yeah, I suppose I’d better.’” ”

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