CitationAir (nee CitationShares) is now a wholly owned entity of Cessna Aircraft. The manufacturer recently acquired the final 8 percent of the financial interest. The program began in 2000 as a fractional share company, half owned by Cessna and half by TAG Aviation. In the years since, the program has grown and evolved to include other options besides fractional shares, options such as jet cards and full aircraft ownership.
Cessna Assumes Full Ownership of CitationAir
Key Takeaways:
- CitationAir is now a wholly owned entity of Cessna Aircraft, following Cessna's acquisition of the final 8 percent financial interest.
- Originally launched in 2000 as CitationShares, a fractional share company, the program has since expanded its offerings to include jet cards and full aircraft ownership options.
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