CitationShares
Encyclopedia
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. It is a seven-time winner of Best of the Best awards from the Robb Report
, most recently in 2009.
In 2009, the company rebranded itself as CitationAir, changed its business model, and streamlined the product names it offers.
Another CitationAir program is the CitationAir Jet Card, 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, customers can get the benefits of fractional ownership, without actually purchasing a share.
The CitationAir Corporate Solutions 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, 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.
In 2009, Bill Hall, CitationShares' CIO, won a CIO100 Award from CIO Magazine for creating new business value by innovating with technology.
Robb Report
The Robb Report is an American, English-language, luxury-lifestyle magazine featuring products — including automobiles, real estate and watches — for affluent connoisseurs.-History:...
, most recently in 2009.
In 2009, the company rebranded itself as CitationAir, changed its business model, and streamlined the product names it offers.
Services
CitationAir offers four different programs for its customers. Citation Air Jet Shares, 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, 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, customers can get the benefits of fractional ownership, without actually purchasing a share.
The CitationAir Corporate Solutions 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, 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. The fleet consists of 5 different types of Citations:- Cessna Citation Bravo
- Cessna Citation CJ3
- Cessna Citation ExcelCessna Citation Excel|-Operators:The aircraft is operated by private individuals, companies, fractionals, charter operators and aircraft management companies.*******-See also:-External links:* * *...
- Cessna Citation SovereignCessna Citation Sovereign|-See also:-External links:* * * * * *...
- Cessna Citation XCessna Citation XThe Cessna Citation X is a long-range medium business jet aircraft. The Citation X is powered by two Rolls-Royce turbofan engines and is built by the Cessna Aircraft Company in Wichita, Kansas. It is the fastest production civilian jet in the world. The Citation brand of business jets encompasses...
, added to the CitationAir fleet in December 2009.
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. It was named the sole Best of the Best in flight services in 2008. It was one of four winners of Best of the Best in fractional flight card programs in 2007.In 2009, Bill Hall, CitationShares' CIO, won a CIO100 Award from CIO Magazine for creating new business value by innovating with technology.