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:
- Cessna Aircraft has acquired full ownership of CitationAir, purchasing the remaining 8% financial interest.
- The program, which began in 2000 as a fractional share company co-owned by Cessna and TAG Aviation, has evolved to offer additional services like jet cards and full aircraft ownership.
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