GREENWICH, Conn., March 28, 2005 (PRIMEZONE) -- CitationShares, the fastest-growing fractional aircraft ownership and private jet travel company, co-owned by Cessna Aircraft Company and TAG Aviation, today launched the first ever and only 20-hour jet card. Individuals and businesses can now purchase flight time on CitationShares aircraft in 20-hour increments, as opposed to what had to date been the industry standard 25 hours.
Pricing for the new 20-hour Vector JetCard begins at $75,995, making it the most accessible and affordable jet card option in the industry today. In addition, the Vector JetCard program is incredibly simple -- a two-page contract; payment by credit card, check or wire transfer; and one upfront, all-inclusive fee. No fuel surcharges, or positioning, international or landing fees apply.
"Since its inception, our Vector JetCard program has been the most competitively priced on the market," said Steve O'Neill, Chief Executive Officer of CitationShares. "But with the introduction of our exclusive 20-hour version, we are pleased to be making the luxury of private travel even more affordable. Quite simply, this new product reduces the barriers to entry and enables consumers to fly private with less commitment -- in terms of both flight time and expense."
Vector JetCard members receive the same benefits as CitationShares fractional owners, including the safe, reliable, flexible and customer-focused service for which CitationShares is known. Under the program, members can have a private jet on hand and waiting for them in the domestic U.S. with as little as eight hours notice. The Vector JetCard service area also includes Canada, Mexico and the Caribbean.
About CitationShares
Based in Greenwich, Conn., CitationShares offers individuals and businesses the opportunity to experience the advantages of private travel by becoming fractional aircraft owners or Vector JetCard(1) members. CitationShares is a joint venture of Cessna Aircraft Company, a division of Textron (NYSE:TXT), and TAG Aviation USA, Inc. For more information about CitationShares and its offerings, contact 800-340-7767 or visit www.citationshares.com.
(1) All Vector JetCard flights are operated by CitationShares under its FAR Part 135 Air Carrier Certificate.