While major airlines have already received Payroll Support Program (PSP) commitments, private aviation operators are still waiting
The National Business Aviation Association has joined the Helicopter Association International, National Air Carrier Association, National Air Transportation Association, and the Regional Airline Association, urging U.S. Treasury Secretary Janet Yellen to expedite assistance for commercial general aviation and regional air carrier operators.
Continue reading “NBAA urges Yellen to expedite payroll support for private jet operators”
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.
Continue reading “Exclusive: Flexjet sets 2021 Europe launch; Sentient Jet to add health and hygiene requirements for operators”
Directional Aviation chairman Kenn Ricci took to Instagram to praise employee support for its shared sacrifice program
With business aviation taking it on the chin from the COVID-19 Coronavirus crisis, the industry is being wracked by furloughs and layoffs. Last week JetSuite sent shockwaves by suspending operations laying off and furloughing over 120 employees.
Continue reading “Flexjet, Sentient, PrivateFly boss salutes employees”
The Covid-19 Coronavirus rescue package rescinds 7.5% Federal Excise Tax (FET) for on-demand charters and jet cards
On-demand and jet card charter customers won’t have to pay FET for flights through the end of 2020
Jet card and on-demand charter customers should review invoices to ensure they aren’t being charged the FET
Business aviation in the U.S. is getting some relief as part of the CARES (Coronavirus Aid, Relief, and Economic Security) Act, passed last week by both houses of Congress and signed by President Donald J. Trump.
For consumers, the most noticeable impact is that Part 135 operators (and you) don’t have to pay the 7.5% Federal Excise Tax. The levy applies for domestic flights or flights to and from the U.S. beginning or ending within 225 miles of the border with several exceptions.
Continue reading “How the Covid-19 Coronavirus CARES Act impacts private jet charters and jet cards”