Feb. 22--WICHITA -- Cessna Aircraft has completed its acquisition of CitationAir, a fractional ownership company.
The company, originally called Citation Shares, started in 2000 as a 50-50 venture between Cessna and TAG Aviation Holding.
Cessna acquired a greater share of the company over the years, and now has purchased the final 8 percent of the company.
Terms of the transaction were not released.
CitationAir offers jet cards, jet shares, aircraft management and other services.
The company, based in Greenwich, Conn. is now a subsidiary of Cessna Aircraft, but is operated as a separate company.
CitationAir is a business aviation solutions company offering jet cards, jet shares, aircraft management and customized solutions for individuals, businesses and corporate flight departments.
CitationAir is proud to announce today that it has extended an invitation to all of the pilots it had placed on furlough during the economic downturn to return to work.
Jet Access product now also covers Europe and the Middle East using aircraft chartered through Air Partner Private Jets.
The flexible new program allows referring customers to choose from a list of rewards.