GREENWICH, CT., June 20, 2008 – CitationShares, one of the nation's largest business jet fractional ownership companies, was named by the Robb Report as one of the "Best of the Best" in the Flight Services category in the magazine's current issue.
CitationShares deals exclusively in four models of Cessna's popular Citation line of private jets -- Citation Bravo, Citation CJ3, Citation XLS, and Citation Sovereign. The controlling interest in CitationShares is owned by Cessna Aircraft Company, a Textron (NYSE: TXT) company.
The magazine lists CitationShares' simple contract and all-inclusive pricing and highlights the Citelines ownership program "in which operating costs drop as the number of available days decline."
The report also focuses on the Impromptu (formerly Preferred Positioning) program which offers significant discounts to customers when they pick up an aircraft that is flying empty to another location to pick up another customer.
"CitationShares owes much of its success to Cessna and the Citation line, which are the most popular business jets in the world," said O'Neill. "But we have also been a leader in offering customers tremendous service through innovative products, and we are gratified to receive this recognition."
About CitationShares
CitationShares is an industry leader in fractional jet ownership and jet card membership. Founded in 2000, CitationShares offers 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 JetCard, which allows customers access to an 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. More information about CitationShares and its offerings is available at www.citationshares.com.
About Cessna Aircraft Company
Based on unit sales, Cessna Aircraft Company is the world's largest manufacturer of general aviation airplanes. In 2007, Cessna delivered 1,272 aircraft, including 387 Citation business jets, and reported revenues of about $5 billion. Cessna has a current backlog of $14.5 billion. Since the company was originally established in 1927, some 190,000 Cessna airplanes have been delivered to nearly every country in the world. The global fleet of more than 5,100 Citations is the largest fleet of business jets in the world. More information about Cessna Aircraft Company is available at www.cessna.com.
About Textron Inc.
Textron Inc. is a $13.2 billion multi-industry company operating in 34 countries with approximately 44,000 employees. The company leverages its global network of aircraft, defense and intelligence, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power, Textron Systems and Textron Financial Corporation. More information is available at www.textron.com.
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