The 7.5% FET holiday on private jet charters and jet cards is set to expire Dec. 31 and isn’t being extended by Congress in the Consolidated Appropriations Act, 2021
According to an analysis of the 5,593 pages of the House amendment to the Senate amendment of H.R. 133, or the Consolidated Appropriations Act, 2021, there’s good news and bad news.
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).
Two private jet trade groups are accusing the cable network of misrepresenting Clay Lacy and the importance of business aviation
A letter issued yesterday by the top executives of the National Business Aviation Association and National Air Transport Association said CNBC coverage of the CARES Act distorted the impact of Covid-19 on business aviation.
A post on NBAA’s website was titled, “CNBC Distorts Pandemic’s Impact on Business Aviation, Specifically Charter Company Clay Lacy.”
The National Business Aviation Association says it is moving forward on its NBAA-BACE conference scheduled for October 6-8 in Orlando
NetJets, Flexjet, and Qatar Executive have used NBAA to announce billion-dollar orders of new private jets
The National Business Aviation Association, the trade group representing various facets of the private jet industry, said it is moving forward with plans for its annual conference.
The event, which typically moves back-and-forth between Las Vegas and Orlando, is scheduled for Oct. 6, 7, and 8 in Florida this year.
The National Business Aviation Association in a letter to Congress is highlighting private aviation’s role as a lifeline to small communities and for emergency relief
Survival of some private jet operators may be at stake, according to trade associations
Potential domestic travel restrictions might cause “significant harm” to private aircraft operators
The National Business Aviation Association and several industry groups are urging Congress to preserve general aviation’s contribution to the economy. The move comes as the government considers a relief package to support the country during the COVID-19 pandemic.
With the majority of business aviation air carriers being private companies, their access to capital is more constrained. In the current environment, private equity markets are not able to provide financing, eliminating an important source of liquidity for the industry.”Letter to Congressional leaders from Private Aviation trade groups
Updated research shows private jets and business aviation support 1,179,200 U.S. jobs
Newly updated research conducted by PricewaterhouseCoopers LLP revealed that general aviation supports a total 1,179,200 jobs and $246.8 billion in total economic output in the U.S. annually.
The researcher found that each industry job created 3.3 jobs elsewhere in the economy.
It also found the business of general aviation is a big winner for the U.S. when it comes to international trade.
Business aviation contributes over $10 billion to the economies of North Carolina and Minnesota
Minnesota and North Carolina politicians recently highlighted how private jets and other business aircraft drive their economies.
Advocacy group No Plane, No Gain reports for Minnesota $5.3 billion in economic impact generated by 135 public-use airports and 83 heliports, plus FBOs, flight schools, aircraft manufacturing, and flight instructors.