Buy now Jet Card offers to save the 7.5% FET in 2021 are not created equal

FAQs: Aviation Excise Tax Holiday under the CARES Act

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.

Wheels Up gets $74 million in CARES Act funds

Wheels up CARES Act

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.

As private jet flights continue their COVID-19 rebound, the routes are changing

While private jet traffic is at 74% of 2019 levels compared to 15% for the airlines, inside the numbers are big differences

The rebound of private jet travel from the depths of the COVID-19 Coronavirus pandemic has been one of the very few bright spots across the travel industry.

While data from the TSA shows passenger levels for the airlines are still off by around 85%, private jet flights have recovered to 74% of 2019 levels, according to WingX.

Clay Lacy awards 26 aviation scholarships

The grants support studies by future business aviation professionals

Clay Lacy Aviation, which offers a roundtrip pricing, as available jet card program under Clay Lacy Preferred, is continuing to assist the next generation of aviation professionals.

Possible optimism as forecasters predict private jet travel to drop 67% in April

NBAA cancels 2020 trade show and conference

Argus TRAQPak has revised its previous estimate expecting a 40% to 60% decline downwards

Data from Private Jet Card Comparisons in April shows an increased interest in private aviation membership programs

Signs indicate private aviation may attract new fliers who previously didn’t see the value, but now want to reduce exposure to COVID-19 Coronavirus

Headwinds for business aviation are expected to be even more fierce than predicted just last week. Back then, Argus TRAQPak predicted the private aviation flights in April would be between 40% and 60%.

In an update just released today, its analysts now expect a 67.3% decline this month.

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