A look at new Jet Card providers from 2020

New jet cards 2020

These companies launched jet cards and private jet memberships during 2020

Recently, Sentient Jet CEO Andrew Collins told Bloomberg that private jet cards and membership were having a “moment.” Judging by the number of new entrants, the trend is not going unnoticed.

CARES Act 2: New COVID relief should be open to private aviation

CARES Act 2 private aviation

Private jet operators should be able to tap into the estimated in $15 billion in air carrier support

The newest legislation to provide ongoing COVID-19 relief is estimated to have $15 billion for the airlines. According to a spokesperson for the National Business Aviation Association, that should incorporate Part 135 private jet operators and other companies related to business aviation.

(Updated Dec. 22 @ 7:22 am – A full copy of the HR 133 –  Consolidated Appropriations Act, 2021, can be downloaded at the end of this story.)

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).

FlyExclusive spotlights how the Paycheck Protection Program saved jobs

FlyExclusive

A Triangle Business Journal profile of FlyExclusive shows the jet card and charter operator used the CARES Act’s PPP to set the table for its recovery

According to a report in the Triangle Business Journal, close to 300 jobs at Kinston, North Carolina-based FlyExclusive and related companies were saved by the CARES Act’s Paycheck Protection Program. That totals include 75 newly hired positions.

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.

Who’s offering buy now, fly FET-free jet card discounts for 2021 and beyond

aircraft specific jet cards

Here’s an updated listed of the jet card sellers that are offering future tax savings if you buy a jet card before the end of the year

Well, more and more private jet card sellers are concluding that if you buy a jet card before the end of the year, your funds will fly you tax-free in 2021 and beyond – either until your card or the funds expire.

FlyExclusive extends FET exempt jet card options

FlyExclusive

The Part 135 charter operator is part of a growing number of jet card sellers extending the 7.5% tax exemption into 2021 and beyond

Add flyExclusive, number nine on our list of largest Part 135/91k operators, to the list of jet card sellers that are providing a carrot to buy a jet card before year’s end.

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