CITATIONAIR BY CESSNA LAUNCHES JET ACCESS

12/8/2010

GREENWICH, CT, December 07, 2010 – CitationAir by Cessna, a leader in private jet transportation solutions, today launched Jet Access, an innovative new product designed to provide private aviation customers a greater degree of flexibility without the residual value concerns of owning an asset.  Jet Access provides all the benefits of fractional ownership without the capital investment, asset valuation risk and remarketing fees, continuing CitationAir’s ongoing focus on innovation in the private and business travel industry.

With Jet Access, customers can fly on CitationAir’s fleet of Cessna Citation XLS or Sovereign aircraft with a minimum commitment of 50 hours annually without needing to own an aircraft.  The product provides customers with simple pricing, rates locked-in for 36 months and a flexible fuel component, all with no long-term commitment or large capital requirement. 

“The Jet Access product requires no aircraft ownership, thereby eliminating any concerns about future residual values,” said Steve O’Neill, CitationAir’s President and CEO.  “With a simple upfront refundable deposit and no capital commitment, coupled by a minimal 12-month initial contract, this is a terrific opportunity for individuals and organizations considering private travel.”

Additional Jet Access benefits include:
• Zero exposure to asset valuation risk, capital investment or remarketing fees.
• An initial 12-month commitment with the option to cancel thereafter on the contract anniversary.
• An option to purchase additional hours as needed, as well as credit unused hours to the following year.

Jet Access is the newest addition to CitationAir’s existing suite of products that include   Jet Card, Jet Shares, Jet Management and Corporate Solutions.  For more on Jet Access, visit www.citationair.com/Program/JetAccess.

About CitationAir
CitationAir is an industry leader offering individuals and businesses the advantages of private jet travel through its innovative programs, including Jet Card, Jet Access, Jet Shares, Jet Management and Corporate Solutions products. CitationAir flies Cessna’s popular Citation aircraft exclusively—the Citation CJ3, Citation XLS, and Citation Sovereign—which are serviced and maintained at the factory-level.
CitationAir operates one of the youngest fleet of aircraft in the industry by highly trained pilots, setting the standard for superior customer service.  CitationAir’s parent company is Cessna Aircraft Company, a Textron (NYSE: TXT) company. More information about CitationAir and its offerings are available at www.citationair.com.

Media Contacts:

CitationAir
Renee Levine. rlevine@citationair.com
203-542-3339   

Goodman Media International
Bennett Kleinberg, bkleinberg@goodmanmedia.com
Régine Labossière, rlabossiere@goodmanmedia.com
Emma Mittelstadt, emittelstadt@goodmanmedia.com
212-576-2700