Dumont Aviation adds FET-free jet card deposit option

By Doug Gollan, November 3, 2020

Dumont Aviation Group has added a tax-free option for its Santos jet card

Dumont Aviation Group is the latest jet card provider to add a FET-free jet card deposit option, head of marketing Joe Martin tells Private Jet Card Comparisons.

Its jet cards start at 25-hours, and in addition to light, midsize, super-midsize, and large cabin options, Dumont offers a dedicated Dassault Falcon 2000 option at $9,000 per hour.

Like others, so long as you buy the card before the end of the year, your funds will enable you to save the 7.5% tax for the card’s validity or until funds run out.

You can read our updated list of jet card sellers offering FET-free options here.

The CARES Act suspended the collection of the 7.5% FET to boost the aviation industry. The taxable event is when a flight is booked and paid for, not the flight’s date. However, the IRS has no official position on jet cards. You can read our full analysis of the IRS’s non-binding internal memo from 2015 that seems to be guiding jet card providers here.

If you are looking into a FET-program, read this article to make sure jumping in doesn’t cost you more than you will save.


Related Articles

Visit DG Amazing Experiences

Find the perfect solution for your private aviation needs

Make the right decision

If you want a program-by-program comparison of more than 500 products from more than 50 companies covering 65 points of differentiation and over 40,000 data points.