FET tax holiday extension for private jet flights unlikely

FET tax holiday

A top executive from the National Business Aviation Association says don’t expect the Federal Excise Tax holiday to be extended

Congressional leaders in Washington D.C. are still trying to work out additional relief for companies and individuals impacted by the COVID-19 pandemic. Don’t expect an extension of the holiday for the 7.5% Federal Excise Tax (FET).

A look back at who received CARES Act Payroll Support Payments

CARES Act private aviation recipients

The Payroll Support Program under Division A, Title IV, Subtitle B of the CARES Act provided payroll support to passenger air carriers, cargo air carriers, and certain contractors for the continuation of payment of employee wages, salaries, and benefits. Here’s who got how much

It’s uncertain when there will be more government for the airline industry, and if so, will it extend to the private aviation side?

While the CARES Act payments have been widely credited for helping business jet operators get back on their feet quickly, they also have detractors, including NetJets, the largest private jets operator.

Let’s make a deal. The private jet M&A market is hot, but not without risks

Private aviation M&A

Vista Global’s deal yesterday with Red Wing that brings it 15 light jets to XOJET is the latest and doesn’t look to be the last

In just over 3 years, we’ve tracked over 50 deals, fundraises, launches, and bankruptcies

(Updated Jan. 11, 2021) The COVID-19 crisis may be bringing the already simmering mergers and acquisitions market for private jet operators and brokers back to a boil.

Dumont Aviation adds FET-free jet card deposit option

Dumont Aviation

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.

Dumont Jets reaches IS-BAO Stage 2

Dumont Aviation Group

The Dassault Falcon 2000 private jet charter and jet card operator has achieved Stage 2 status from IS-BAO

Dumont Jets has added IS-BAO Stage 2 to its Wyvern Wingman status, according to announcement by the Part 135 charter operator.

NetJets, Wheels Up, Flexjet, and Vista Global’s XOJET lead the list of Biggest U.S. Private Jet Operators

Largest Private Jet Airlines

Despite consolidation, the 25 largest Part 135 and 91K operators account for only 25% of the U.S. private jet market

Why you won’t find Wheels Up when you look at lists of private aviation operators

Sizing the U.S. private jet market between Part 91, Part 91K fractional and Part 135 charter operators

8 of the 10 largest companies are led by the founder or family member

Here’s a big difference between the private jet market and the airlines. Just 10 airlines account for 90% of the domestic market for scheduled passenger traffic. Four companies – Delta Airlines, American Airlines, United Airlines, and Southwest Airlines – are responsible for two-thirds of U.S. flights.

Despite consolidation, business aviation remains fragmented. An analysis by Private Jet Card Comparisons of various reports from Argus TRAQPak and other data shows the 25 largest operators of charter and fractional fleets together account for just 25% of all U.S. flying.

Dumont Aviation gains $3 million in CARES Act funds

Dumont Aviation

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).

%d bloggers like this: