CitationAir Ceases Sales of Fractional Jet Shares

BJT Waypoints
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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““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.’” ”

-—actor and comedian Ricky Gervais