The siren’s song of saving the 7.5% Federal Excise Tax if you buy a jet card before the end of the year is getting louder. If you’re not careful, it might cost you more than you’ll save
On Friday, the bars in the window on my laptop tracking visitors to this website shot up. The increase was exponential. It coincided with a CNBC segment on how private jet card sellers are rolling out offers designed to save buyers the 7.5% Federal Excise Tax on flights.
Sentient is the latest jet card provider to tell customers cards purchased through year’s end will save the 7.5% Federal Excise Tax for flights until funds are used
If you fly with Sentient Jet or are considering buying a jet card before the end of the year, the unit of Directional Aviation’s OneSky Flight unit is the latest provider to offer tax savings beyond the current expiration of the CARES Act, scheduled for Dec. 31, 2020.
NetJets, Nicholas Air, Jets.com, Airstream Jets, and Magellan Jets have previously said they would extend the tax benefit, a savings of 7.5% for domestic flights, and those that start or end within 220 miles of the U.S. northern and southern borders, for the life of the cards they sell.
Jet card broker Magellan Jets is promoting tax-free private jet flights after the CARES Act tax holiday expires at the end of 2020.
Jet card broker Magellan Jets is wading into what could be a hot topic for the rest of the year.
Can you save the 7.5% Federal Excise Tax on jet card charter flights in 2021 if you buy before the end of the year? As part of the CARES Act, the collection of the tax is suspended through Dec. 31, 2020. Unless new legislation is put into place, it will go back into effect on Jan. 1, 2021.
Top 25 private jet charter operator Dumont Aviation is the latest jet card provider to get payroll support
Updated: Our Private Jet Operator CARES Act Relief Scorecard shows how much the 25 largest U.S. fractional and charter operators received in payroll support
Delaware-based Dumont Aviation has received just under $3 million in payroll support as part of the CARES Act. The operator of owned and managed private jets ranks 24th for flight hours in the U.S. among Part 135 and 91k operators, according to Argus data (table below).
The private jet charter operator is part of Vista Global Holdings, which includes VistaJet and brokerage arm XO
Our Private Jet Operator CARES Act Relief Scorecard shows how much the 25 largest U.S. operators received in payroll support
Ft. Lauderdale-based XOJET Aviation is the latest of the major private jet charter and fractional share players to have signed an agreement to receive funds as part of the CARES Act. It entered into an agreement with the Treasury Department last month providing $13.1 million.
Wheels Up Partners Holdings LLC incorporates Wheels Up, Gama Aviation Signature, Delta Private Jets, TMC Jets, and Avianis
If it’s Friday night, it’s a good time to check the Treasury Department’s website for updates about CARES Act awards. Tonight’s reveal showed on June 10 a payroll support agreement providing $74.2 was executed with Wheels Up Partners Holdings LLC.
In a wide-ranging interview, Directional Aviation’s boss Kenn Ricci tells Private Jet Card Comparisons Flexjet’s Europe growth is moving forward, it is expanding use of private jets to position pilots, and Sentient Jet will introduce health-safety requirements for its partner operators
A McKinsey study reveals 90% of those who can afford to fly privately don’t; However, UHNWs and corporate executives are often part of the high-risk profile for COVID-19
With tailwinds gradually picking up, Directional Aviation Capital’s principal Kenn Ricci announced his OneSky Flight’s Flexjet unit will expand its European presence in 2021.
Before the Covid-19 Coronavirus crisis, plans had called for a launch this month during the annual EBACE exhibition in Geneva, Switzerland.