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.
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.
Guidance from the IRS infers if you buy a Jet Card now, you can save the 7.5% Federal Excise Tax for flights next year, maybe
(Updated Oct. 23, 2020) Get ready for a possible flood of email offers from private jet companies. The offer is to buy a jet card now for flights in 2021 and beyond. The goal is to save the 7.5% Federal Excise Tax for those post-New Year’s trips.
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 snap back into effect on Jan. 1, 2021. The tax applies to domestic flights and those that begin or end within 225-miles of the Canadian and Mexican borders.
The private jet operator has appointed Air Force veteran Col. Donn Yates to its leadership team
flyExclusive today announced that it is expanding its leadership team with the addition of Col. Donn Yates to the role of Chief Operating Officer. Yates will use his experience from more than 28 years in the United States Air Force to optimize fleet operations and logistics for flyExclusive as the company continues its growth as one of the largest private charter operators in the U.S., according to a press release.
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.
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.
After launching a Jet Card program in April, the company is now adding a long-haul Gulfstream GIV-SP on-demand charter option
Plans call for a large-cabin, fixed-rate Jet Card program by year’s end
LGM Enterprises, the parent company of flyExclusive, said it has launched flyExclusive International. The move adds on-demand, long-range global service to its growing portfolio private jet charter and jet card options.
Flyers can now travel to Europe, Hawaii, Alaska, and other points. Customers will have access to Gulfstream GIV-SP aircraft with seating capacity for up to 16 passengers.