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.

Share this...

Add your comment:

By submitting a comment, you are allowing AIN Publications to edit and use your comment in all media.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
 

Quote/Unquote

““[Bill Gates] has been historically one of my best supporters…One of my favorite e-mails he ever sent me…I proposed this crazy project. And he sent back this two-line response: ‘This has got to be the craziest thing you’ve ever suggested. Please proceed.’” ”

-—former Microsoft CTO Nathan Myhrvold