Wheels Up announces FET-free flight fund options for members

Wheels Up

The second-largest for-hire private jet operator, Wheels Up, is the latest to offer members the ability to deposit funds before the end of the year and use them for tax-free flights, in this case, for up to 24 months

Wheels Up is offering members its existing funds program, a new Air Transportation Only fund option that will offer FET-free flying for 24 months after purchase, or the ability to fund both types

The biggest player in jet cards yet to weigh in on how it will address the CARES Act holiday on the 7.5% Federal Excise Tax will announce later today it’s in.

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.

%d bloggers like this: