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CitationShares launches Supplemental Lift

As the recession continues to tighten the corporate budgets, a Greenwich company that provides fractional jet ownership is launching Supplemental Lift—a new program that reduces corporate travel costs and overhead expenses.

Supplemental Lift offers corporations access to CitationShares’ fleet of Cessna Citation aircrafts at a much affordable rate, said CitationShares senior vice president Woody Harford. The program does not require participating companies to purchase jet shares nor pay minimum investment jet hours.

Customers just pay an upfront annual program fee of $25,000 and they gain access to over 80 Cessna Citations stationed across North America and the Caribbean. The fee also gives customers discounted hourly flying rates and other perks. 

“We will be taking a consultative approach with our corporate customers with the objective of helping them custom design programs that meet their needs in an evolving business environment,” commented Harford.

“The reality is that despite some of the current perceptions of corporate jet travel, many companies depend on their flight departments for efficiency and productivity,” explained Steve O’Neill, CEO of CitationShares. “What we provide is the flexibility to help them maximize productivity and minimize cost.”

Harford claims that many companies have expressed interest in their new business model. He ended on an optimistic note saying, “Like any business, we’re down in terms of overall activity. People are very cautious about the way they spend their money. This is our attempt at putting people’s minds at ease.”