Saturday March 20 , 2010

CitationShares Announces Supplemental Lift For Corporate Aviation

CitationSharesPart of New Unit to Help Corporations Reduce Travel Costs

GREENWICH, CT., March 12, 2009 — CitationShares recently announced a new program called Supplemental Lift which will be offered to corporations and their flight departments seeking to reduce costs and overhead while at the same time providing critical travel services for their businesses.

Through the program, corporations that are looking to reduce capital expenditures and operating costs can have access to CitationShares entire fleet of Cessna Citation aircraft at competitive rates in order to supplement their in-house flight capabilities. Supplemental Lift does not require a company to purchase jet shares or make a minimum investment in jet hours.

The program features total fleet access, 365 day availability with no price differential for peak days, simultaneous usage of multiple aircraft, a dedicated customer service team, and the newest fleet in the industry. For a nominal upfront program fee, customers gain access to the all-inclusive, one-way pricing with discounted rates that are 12 percent less than CitationShares list prices and up to 20 percent lower than other companys list prices.

“The reality is that despite some of the current perceptions of corporate jet travel, many companies depend on their flight departments for efficiency and productivity,” said Steve ONeill, CitatationShares CEO. “What we provide is the flexibility to help them maximize productivity and minimize cost.”

The Supplemental Lift program is just one of the corporate offerings that the company is developing to better serve corporate customers dealing with the realities of todays challenges. “We will be taking a consultative approach with our corporate customers,” said Woody Harford, SVP in charge of sales and marketing, “with the objective of helping them custom design programs that meet their needs in an evolving business environment.”

For more information on CitationShares Supplemental Lift program, visit www.citationshares.com.

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.

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