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 Florida-based Jet Card seller is reducing its Heavy Jet 50-hour Jet Card program by $1,000 per hour for purchases through the end of February
If you are looking for a Heavy or Large Jet Jet Card solution, Ft. Lauderdale-based Velocity Jets is offering a 50-hour Cet Card for $456,875 and that includes 7.5% Federal Excise Tax (FET) through February. Normal FET inclusive cost is $510,625, according to the comparison data compiled by Private Jet Card Comparisons for paid subscribers. Hourly rate, excluding FET, is reduced from $9,500 to $8,500 providing a $1,000 per hour savings.