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Wednesday, 24 February 2010 07:51
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Cessna now sole owner of CitationAir (Formally CitationShares) 

February 23, /2010

 cessna citation

 

Cessna Aircraft Company has completed its acquisition of CitationAir, a business aviation solutions company originally called CitationShares.

The original company was started in 2000 as a joint venture between Cessna and TAG Aviation Holding SA with each holding a 50% share.  Over the years Cessna gradually acquired a greater share  and has now announced acquisition of the final 8 percent.  Transaction Terms have not released.

CitationAir now becomes a wholly owned subsidiary of Cessna but remains a separate operation. Customers will continue to work directly through CitationAir for access to their comprehensive portfolio of products. 
Last Updated on Wednesday, 24 February 2010 08:04  
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