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.
To help you quickly review the various policies and protocols implemented by private aviation providers selling jet cards and memberships, we’ve created a single page overview you can find here.
Clay Lacy Aviation received $26.9 million while Jet Linx Aviation was given $20 million, according to U.S. Treasury documents
NetJets, Wheels Up, Flexjet, XOJET Aviation and related companies were notably absent from the Treasury Department’s list of COVID-19 aide recipients
See the full list of aviation companies receiving CARES Act Coronavirus financial support
In a list dated April 27th, the U.S. Department of the Treasury published names of 96 companies receiving some of the $32 billion earmarked to preserve aviation jobs. The list includes both airlines and private jet operators.
The act specified grants needed to be based on payroll expenses from April 2019 through September 2019, subject to proration. Funds must be used for the continuation of payment of employee wages, salaries, and benefits.
Both the Coronavirus pandemic and the CARES Act waiving the 7.5% Federal Excise Tax are impacting jet membership costs and terms
To say the past month and a half has been a roller coaster for private aviation would be an understatement.
March started with high hopes. A spike in requests from first-timers who wanted to get to second homes or relocate family members kept activity close to normal.
The private jet charter operator is offering a new, lower starting option as a response to the COVID-19 Coronavirus pandemic
Starting for price for its Centerline jet card is dropping from $148,275 to around $55,000
Private jet operator Priester Aviation is reducing the buy-in for its Centerline jet card to 10 hours from 25 hours. The move means starting price is now around $55,000, down from close to $150,000.
Priester is the latest private aviation membership provider to create a new option in response to the COVID-19 Coronavirus crisis.
The pandemic has created a need for short-notice evacuation and relocation flights.