TAG Aviation is owned by TAG Group S.A., a privately held, Luxembourg-based company with offices in Geneva, Paris, Washington, D.C. and Riyadh. TAG Group has been actively involved in business aviation since 1978. The new venture between the two giants involves fractional ownership of business jets. CitationShares sells cooperative ownership shares in specific aircraft to businesses and individuals. The shared ownership allows corporations or individuals to have access to a private aircraft, while CitationShares takes care of the maintenance, staffing and other details of ownership.
Customers can purchase as little as one-sixteenth share of an aircraft.
Those who need more time in the air can buy a larger share. CitationShares offers regional service, with its primary service area east of the Mississippi River. Customers must pay a premium for travel across the Mississippi, according to company officials. Most of the travel is in the United States, Canada, Mexico and the Caribbean. There are no provisions for CitationShares to fly overseas.