The world’s largest private jet operator will be the first customer for Signature Flight Support’s new Renew SAF in San Francisco
Signature Flight Support, the largest FBO operator in the world, today announced Signature Renew, a company-wide global sustainability initiative to innovate and invigorate the journey toward net-zero carbon emissions.
Private jets are a key part of the initiative, according to a press release. Initially, Signature is establishing permanent supplies of low emission fuel at San Francisco Int’l Airport (SFO) in the United States and London-Luton Airport (LTN) in the United Kingdom.
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
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.
Jet card broker Magellan Jets is promoting tax-free private jet flights after the CARES Act tax holiday expires at the end of 2020.
Jet card broker Magellan Jets is wading into what could be a hot topic for the rest of the year.
Can you save the 7.5% Federal Excise Tax on jet card charter flights in 2021 if you buy before the end of the year? 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 go back into effect on Jan. 1, 2021.
The world’s largest private jet operator is adding a new twist to its Marquis Jet Card lineup combining elements of its Classic and Elite jet card products
It looks like NetJets has made another change to its jet card line-up. The latest is a new 100-hour jet card. Previously, its offerings were based on buying units of 25 or 50 hours.
The 2-Year 100-Hour Card is a mix of pricing and policies from its Elite and Classic offerings. NetJets brands its card program under the Marquis Jet label.
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.