Italian firm to corral Mustangs for frax operation

 - May 7, 2008, 7:30 AM

Delta Aero-Taxi plans to start a fractional aircraft ownership operation in Europe with the new Citation Mustang. The Florence, Italy-based company, which now operates a Citation X, placed an order for seven of the very light business jets. The Mustang is “ideal for Europe because of the relatively short travel distances and the [airplane’s] low acquisition cost,” said Delta Aero-Taxi president Carlo Panerai. Deliveries of the $2.295 million Mustang are expected to start in late 2006.