AINonline reports that Textron Aviation confirmed to AIN that it will terminate flight operations at its former fractional and charter/management operation, CitationAir, on October 31.
According to AINonline, this move comes 2.5 years after CitationAir stopped selling fractional shares in new aircraft and ceased renewals for current fractional-share customers in February 2012, saying at that time it would instead focus on its jet card and aircraft management products. The company is now abandoning even that modest plan.
To read the full AINonline report, click here.