CitationAir

CitationAir

CitationAir by Cessna, founded in 2000 as CitationShares, is a subsidiary of Cessna Aircraft Company that provides private aviation services. It offers services in fractional jet ownership, jet card membership, corporate solutions and whole aircraft management. CitationAir is one of the four major players in the private aviation market.[1] It is a seven-time winner of Best of the Best awards from the Robb Report, most recently in 2009.[2]

In 2009, the company rebranded itself as CitationAir, changed its business model, and streamlined the product names it offers.[3]

Contents

Services

CitationAir offers four different programs for its customers.[4] Citation Air Jet Shares,[5] formerly Citelines, refers to the fractional jet ownership program that CitationAir offers. This program incorporates all operating expenses into one annual or twelve monthly payments, regardless of where one flies. This program differentiates between peak and non-peak days, allowing share owners to pick one of four packages: 365 days, 350 days, 335 days or 320 days a year.

Another CitationAir program is the CitationAir Jet Card,[5] formerly the Vector Fleet JetCard. The CitationAir Jet Card gives members access to two different options. The Jet Card option allows customers to purchase prepaid flight hours in a specific aircraft. The Fleet Jet Card allows customers to purchase prepaid flight hours which will give them access to the entire CitationAir fleet. With the Jet Card, customers purchase prepaid flight hours instead of shares.

With CitationAir's Jet Access[6], customers can get the benefits of fractional ownership, without actually purchasing a share.

The CitationAir Corporate Solutions[5] program contains CitationAir's Supplemental Lift which supports corporate flight departments with private aviation needs. Corporations have access to CitationAir’s entire Cessna Citation fleet without the financial commitment that is associated with owning and maintaining a whole aircraft, reducing the corporation’s capital expenditures and operating costs.

CitationAir Jet Management,[5] formerly JetForth, is designed for people who own planes but do not want the hassle of managing them. Under this program, CitationAir will use a Jet Management customer’s aircraft in order to support and backup their fleet, making the aircraft available to fractional and jet card members when not in use by owner. This will generate revenue for Jet Management customers, which offsets the cost of ownership.

Fleet

CitationAir has a fleet of approximately 80 Cessna Citation Jets.[7] The fleet consists of 5 different types of Citations:


Awards

CitationAir has won Best of the Best awards from the Robb Report from 2003–2009. In 2009, it won awards for fractional programs and fractional card programs.[2] It was named the sole Best of the Best in flight services in 2008.[8] It was one of four winners of Best of the Best in fractional flight card programs in 2007.[9]

In 2009, Bill Hall, CitationShares' CIO, won a CIO100 Award from CIO Magazine for creating new business value by innovating with technology.[10]

References

  1. ^ Fractional Jets and 4 Big Players
  2. ^ a b "CitationShares Selected for Robb Report Best of the Best". Luxury Travel. June 8, 2009. http://www.luxurytravelmagazine.com/news-articles/citationshares-selected-for-robb-report-best-of-the-best-13738.php. Retrieved June 9, 2009. 
  3. ^ "Jet company rebrands as CitationAir". TradingMarkets.com. October 12, 2009. http://www.tradingmarkets.com/.site/news/Stock%20News/2574982/. Retrieved October 27, 2009. 
  4. ^ http://www.citationair.com/Programs/Overview.aspx
  5. ^ a b c d PRNewswire. "CitationShares Re-launches as 'CitationAir by Cessna'". http://www.privatejetdaily.com/index.php/20091010619/Latest/CitationShares-Re-launches-as-CitationAir-by-Cessna.html. Retrieved October 27, 2009. 
  6. ^ CitationAir by Cessna rolls out Jet Access Program, Luxuo.
  7. ^ http://www.citationshares.com/our_fleet/
  8. ^ Schulze, Michael (June 1, 2008). "Best of the Best 2008: Flight Services: CitationShares". Robb Report. http://www.robbreport.com/Best-of-the-Best-2008-Flight-Services-CitationShares.aspx. Retrieved June 4, 2009. 
  9. ^ Schulze, Michael (June 1, 2007). "Best of the Best 2007: Flight-Card Programs: Fractional". Robb Report. http://www.robbreport.com/Best-of-the-Best-2007-FlightCard-Programs-Fractional-1.aspx. Retrieved June 4, 2009. 
  10. ^ "The 2009 CIO 100 Winners: Driving Future Business Growth with Technology Innovation". CIO. http://www.cio.com/cio100/2009/1. Retrieved June 11, 2009. 

Further reading

External links


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