CITATIONSHARES SIGNS OPTIONS FOR 50 CITATION SOVEREIGNS
10/07/2003
Orlando, Florida, (October 7, 2003) - Cessna Aircraft Company and CitationShares have announced an agreement whereby CitationShares has options to purchase up to 50 Citation Sovereigns.
CitationShares currently operates the Citation CJ1, with low acquisition and operating costs, advanced avionics, and jet performance for the price of a turboprop; the Citation Bravo, which combines the newest-generation jet engines, avionics and flight controls with best-in-class mission flexibility; and the Citation Excel, the only business jet offering the stand-up cabin comfort of a mid-size jet with the economy and mission flexibility of a light jet.
"In barely three years we have expanded our fleet to 42 Citations and we are already serving more than 400 customers," said Steve O'Neill, Chief Executive Officer of CitationShares. "The addition of the new Citation Sovereign to our growing fleet will enable us to expand the services we provide to both existing and future customers. The Sovereign will not only enhance the quality of our service but will also give us added capability on both short and long trip segments."
Roger Whyte, Senior Vice President Sales and Marketing for Cessna, said, "We are very pleased that CitationShares plans to add the Citation Sovereign to its fleet. We expect the Sovereign to be the leader in the mid-size market because of its spacious cabin, excellent all-round performance and low operating costs."
10/07/2003
Orlando, Florida, (October 7, 2003) - Cessna Aircraft Company and CitationShares have announced an agreement whereby CitationShares has options to purchase up to 50 Citation Sovereigns.
CitationShares currently operates the Citation CJ1, with low acquisition and operating costs, advanced avionics, and jet performance for the price of a turboprop; the Citation Bravo, which combines the newest-generation jet engines, avionics and flight controls with best-in-class mission flexibility; and the Citation Excel, the only business jet offering the stand-up cabin comfort of a mid-size jet with the economy and mission flexibility of a light jet.
"In barely three years we have expanded our fleet to 42 Citations and we are already serving more than 400 customers," said Steve O'Neill, Chief Executive Officer of CitationShares. "The addition of the new Citation Sovereign to our growing fleet will enable us to expand the services we provide to both existing and future customers. The Sovereign will not only enhance the quality of our service but will also give us added capability on both short and long trip segments."
Roger Whyte, Senior Vice President Sales and Marketing for Cessna, said, "We are very pleased that CitationShares plans to add the Citation Sovereign to its fleet. We expect the Sovereign to be the leader in the mid-size market because of its spacious cabin, excellent all-round performance and low operating costs."
