CitationAir How Much Longer

[rigger]

Anyone ask.....if your Card business is growing bigggggg and you decide to get rid of fractional and concentrate on managed/card business......how can you support the biggggggg card business with only 20 or so managed aircraft? Citationair owns zero aircraft? You think Cessna wants to own airplanes to just fly around????

 

[BentOver]

cards and the amount of people it takes to fill up one a/c is a reason I always heard that cards can only be used so much.... To many card owners puts too much pressure on the available fleet....

In NJA's case 32 cards to 1 airplane... You would need alot bigger core fleet to keep them all flying as promised. I was always told, or under the assumption, that too many card owners vs. owned a/c could turn out to be a bad thing..

That was my understanding of the detriment of the card.....

I may be off base here, just going by what I remembered

 

[surveypilot]

[FONT=Verdana, Arial, Helvetica, sans-serif]CitationAir Ceases Sales of Fractional Jet Shares[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]CitationAir has stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers, the Cessna Aircraft subsidiary confirmed to AIN yesterday. Effective last week, “CitationAir will be streamlining our offerings to deliver those products in our portfolio that have demonstrated the greatest customer demand,” CitationAir president and CEO William Schultz wrote in an email sent to employees. “As a result, we are suspending sales of our Jet Share and Jet Access products and refocusing our efforts on our Jet Card and Jet Management lines of business.” Jet Share was the company’s traditional fractional share program; Jet Access was a jet membership program. Schultz said CitationAir will continue to honor existing contracts until they expire “and then will buy back the shares in accordance with our customers’ agreements.” Customers who want to stay with CitationAir would then need to transition to a jet card product, he noted. Analyzing the move, business aviation consultant Brian Foley said, “There are now fewer borders between fractional, aircraft management, jet cards and charter.” CitationAir “simply morphed into what the market wants…a successful branded charter/management model,” he said. Fractional consultant Michael Riegel of Fractional Insider views the move quite differently: “Card ownership cannot survive alone” since it is too “cost prohibitive.” He believes this transition will position Cessna potentially “to shut the business down, and quickly, within a couple of years.” [/FONT]

 

[G4dude]

Hire 'till you fire doesn't just apply to the airlines anymore.

But it can apply to companies who are presented with the spectre of a new union to worry about. I think that was the tipping point. Could be wrong, but that seems to be the most likely explanation for the abrupt change of direction.

 

[BentOver]

[FONT=Verdana, Arial, Helvetica, sans-serif]CitationAir Ceases Sales of Fractional Jet Shares[/FONT]

[FONT=Verdana, Arial, Helvetica, sans-serif]CitationAir has stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers, the Cessna Aircraft subsidiary confirmed to AIN yesterday. Effective last week, “CitationAir will be streamlining our offerings to deliver those products in our portfolio that have demonstrated the greatest customer demand,” CitationAir president and CEO William Schultz wrote in an email sent to employees. “As a result, we are suspending sales of our Jet Share and Jet Access products and refocusing our efforts on our Jet Card and Jet Management lines of business.” Jet Share was the company’s traditional fractional share program; Jet Access was a jet membership program. Schultz said CitationAir will continue to honor existing contracts until they expire “and then will buy back the shares in accordance with our customers’ agreements.” Customers who want to stay with CitationAir would then need to transition to a jet card product, he noted. Analyzing the move, business aviation consultant Brian Foley said, “There are now fewer borders between fractional, aircraft management, jet cards and charter.” CitationAir “simply morphed into what the market wants…a successful branded charter/management model,” he said. Fractional consultant Michael Riegel of Fractional Insider views the move quite differently: “Card ownership cannot survive alone” since it is too “cost prohibitive.” He believes this transition will position Cessna potentially “to shut the business down, and quickly, within a couple of years.” [/FONT]

How is the jetcard any different than charter only pre-purchased????? I can go on any mom-and -pop charter website and they all offer a jet card of some sort....

 

[wacoflyr]

But it can apply to companies who are presented with the spectre of a new union to worry about. I think that was the tipping point. Could be wrong, but that seems to be the most likely explanation for the abrupt change of direction.

Would you just give it a rest? If the union was the problem, they would have just shut it all down.

We get it. You are too senior to worry about furloughs or union battles, and you don't care about the problems of other pilots. Most of us are parents, and we recognize your behavior. Now just go away.

 

[G4dude]

Would you just give it a rest? If the union was the problem, they would have just shut it all down.

We get it. You are too senior to worry about furloughs or union battles, and you don't care about the problems of other pilots. Most of us are parents, and we recognize your behavior. Now just go away.

I care about the problems of other pilots a lot, which is why I am generally anti union. My career was a disaster until I stumbled in to NetJets, so I have seen how difficult this career can be.

 

[BentOver]

Block him..I did..Although I wish you all would stop quoting him.. forces me to read what drivel he has written.. :laugh:

Ehhh, what does it matter, I somehow knew he would blame the Unions in some form.. funny thing is, he is a Union member criticizing Unions...Go figure

 

[imacdog]

He certainly does have a bit of a one-track mind.

 

[PCL_128]

WNever mind the fact that any loa is useless with a DAMN CONTRACT

You do realize that an LOA is a contract, right?