CITATIONSHARES APPOINTS KEN EMERICK TO PENETRATE CORPORATE FLIGHT DEPARTMENT MARKET

8/18/2009

GREENWICH, CT., August 7, 2009 – CitationShares, one of the world’s leading private aviation companies, has hired Ken Emerick as a consultant to help the company reach out to corporate flight departments, an increasingly important market. He will be responsible for developing relationships with flight department leaders around the country and sharing with them the full range of programs that CitationShares has to service their need to become even more efficient and effective.
Ken comes to CitationShares with many years’ experience in corporate aviation, most recently at General Motors, where he was the Executive Director Worldwide Travel services. In this role, he developed GM’s corporate flight department into a world class, best practices organization widely recognized as a leader in the aviation industry. Additionally, Ken contributed extensively to the support of Business aviation through his involvement with the National Business Aviation Association (NBAA). He was Chairman of the Board from 2004 -2007 and served on many important committees over his near decade on the board of the organization.

“I am excited to be joining CitationShares and look forward to spreading the word about the company’s innovative leadership, flexible programs and strong customer service culture,” said Emerick. “CitationShares is well suited to supplement and support corporate flight departments of all sizes.”

“We are very happy Ken Emerick is joining us at this opportune time to expand our business by partnering with corporate aviation departments,” said Woody Harford, SVP and Chief Revenue Officer of CitationShares, “Our innovative Supplemental Lift program enables corporate flight departments to meet their transportation needs as cost-effectively and efficiently as possible, and Ken will be instrumental in getting that message out.”

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. 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 www.cessna.com.

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