Guarantee Coupled With Significantly Reduced Pricing Across Entire Pre-Owned Aircraft Inventory

GREENWICH, CT., March 23, 2009 CitationShares, a leader in fractional jet ownership, jet card membership and whole aircraft management, this week announced an unprecedented three year, 100 percent residual value guarantee on new purchases of pre-owned fractional aircraft shares. In addition, CitationShares has significantly reduced pricing on all pre-owned aircraft inventory.

"In the current economic climate, we are well aware of the concerns of our clients and the marketplace", said Steve O'Neill, CitationShares CEO. ''As an innovator in this industry, we are taking this step to provide stability and peace-of-mind to our customers and their investment.''

The Residual Value Guarantee is available to all pre-owned aircraft on CitationShare's inventory sheet and applies to all new deals with share sizes equal to 1/16th, or 50 hours, and larger. Under the Residual Value Guarantee program, the share must be retained by the purchaser for a minimum of one year and then the guarantee may be exercised in months 13 through 36 of the agreed contract term. The limited-time promotional offer extends through June 30, 2009, or until the pre-owned inventory is gone.

For more information on CitationShares' limited-time 100 Percent Residual Value Guarantee, including the available inventory, call 800-340-7767.

About CitationShares
Founded in 2000, CitationShares is an industry leader offering individuals and businesses the advantages of private jet travel through its innovative fractional and whole-aircraft ownership programs, Citelines and JetForth, and through its unique Vector Fleet JetCard, which allows customers access to its entire fleet of Citation aircraft on an hourly basis. CitationShares works exclusively with Cessna's popular Citation jets - Citation Bravo, Citation CJ3, Citation XLS, and Citation Sovereign - which are serviced and maintained at the factory-level. CitationShares operates the youngest fleet in the air by the best pilots in the industry, while setting the standard for safety and customer service. CitationShares is majority owned and controlled by Cessna Aircraft Company, a Textron (NYSE: TXT) company. More information about CitationShares and its offerings are available at www.citationshares.com.

About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company, a Textron (NYSE: TXT) company, is the world's largest manufacturer of general aviation airplanes. In 2008, Cessna delivered 1,301 aircraft, including 467 Citation business jets, and reported revenues of about $5.662 billion. Cessna has a backlog of $14.5 billion as of December 31, 2008. Since the company was originally established in 1927, some 192,000 Cessna airplanes have been delivered around the world, including more than 5,700 Citations, making it the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at http://www.cessna.com.

Add Comment