Savings End Soon!
Congress’s decision to suspend the 7.5% Federal Excise Tax (FET) on private flights through December 31, 2020 -- which has come to be known as the “FET Holiday” -- was made to energize the aviation industry during the COVID pandemic. Our clients have been enjoying these savings by scheduling charter flights with us and purchasing jet cards to meet their 2020 flying needs.* But the FET Holiday is set to expire on December 31.
Do you want to extend the holiday? You can, and here’s how: When you prebuy hours on a jet card with us by December 31, you can enjoy FET free flying on all such hours purchased, even if you fly them after December 31. Here’s an example: If you buy $500,000 of jet card hours by December 31, you’ll immediately save $37,500. That’s $75,000 of savings on a $1,000,000 jet card. And the best part: The hours do not expire. You can fly tax free into 2021 and beyond.
Call us today to lock in your savings!
*The savings described above are subject to applicable tax laws, rules and regulations and any changes thereto or interpretations thereof, including any IRS rulings, pronouncements or guidance.