Scheme offering first step to fractional ownership takes off
CitationShares, a joint venture between Cessna and TAG Aviation, has launched its pre-paid block charter programme Vector JetCard, nine months after its unveiling at the National Business Aviation Association (NBAA) convention (Flight International, 14-20 October).
TAG says only a limited number of 25h Vector cards will be available as the key aim of the programme is to provide a leg up into fractional ownership. "The Vector programme is also another way of doing demonstration flights for potential CitationShares customers, but getting paid for it," says TAG Aviation chief executive Roger McMullin. Vector JetCard members have access to Citation Shares' fleet of 44 CJ1s, Bravos, Excels and Sovereigns, starting from $91,370 for 25h in the CJ1.
Greenwich, Connecticut-based CitationShares plans to add a further 10 aircraft to the fleet to support demand from Vector JetCard customers. The first two mid-size Citation Sovereigns will join the fleet this year and a further Sovereign order is expected at the NBAA convention in October.
Meanwhile, TAG Aviation is selling its company-owned fleet in Europe in an effort to slash costs and spread risk.
KATE SARSFIELD / LONDON
Source: Flight International
