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CESSNA AND TAG AVIATION ANNOUNCE 50/50 JOINT VENTURE TO PROVIDE FRACTIONAL OWNERSHIP MARKET OF PLANES.
NEW YORK, Cessna Aircraft Company and Tag Aviation Usa announced the formation of a new company to serve the rapidly expanding fractional ownership market of planes. According to the terms of agreement, Cessna will acquire 50% of interests in Tag holding and the name of the new company will be Citation Shares Holding L.L.C. Fractional ownership market is currently rsapidly expanding and it is emerging...
AVIONEWS - World Aeronautical Press Agency