OMAHA, Neb., Oct. 13, 2020 /PRNewswire/ — Jet Linx, the leading aircraft management and Jet Card membership company in the United States, today announces the opening of its new Jet Linx Minneapolis private terminal, its 19th private terminal location in the U.S. Jet Linx, offering aircraft management and Jet Card membership programs with a more focused, personalized approach, will serve the Minneapolis and St. Paul market through its newly-constructed private terminal at Flying Cloud Airport. The announcement was made by Jamie Walker, President and CEO of Jet Linx.
“We are excited to announce the highly anticipated grand opening of our new Minneapolis private terminal as part of our nationwide growth strategy. With the growing demand for personalized private aviation services, it is a pleasure to introduce our unique business model to the region,” said Jamie Walker. “As part of the exceptional Minneapolis and St. Paul
The Fab Four exempted flying from their 1966 song about taxes. Now, thanks to the 2020 bipartisan hit commonly referred to as the CARES Act, it could be a while before you have to pay the 7.5% Federal Excise Tax for your private jet flights.
At least, that’s the thought from a growing number of companies that sell prepaid jet cards. However, there’s an asterisk with this promotion.
So far, only a handful of the more than 60 companies that sell jet cards are promoting the buy now, fly tax-free element, although
Leading Private Aviation Solution Provider Advises Guests & Businesses on Utilizing the CARES Act Tax Exemption for Private Jet Travel
As we enter the final few months of 2020, your private aviation consultants at Magellan Jets are thrilled to provide their expertise on tax holiday benefits for individuals and organizations, so they can better understand the Coronavirus Aid Relief and Economic Security Act (CARES Act) and its impact on their private jet travel.
With companies across the country eager to get back to business again, the CARES Act incentivizes organizations to utilize the safety of private aviation by suspending certain excise taxes on private jet travel booked through December 31, 2020. The tax exemption also extends to any jet card or membership purchases made before the end of the year, even if they aren’t used to fly until 2021 or beyond.
MONTREAL (Reuters) – Honeywell Aerospace
on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.
Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year ago.
Yet 80% of business jet operators surveyed in the outlook say their aircraft purchase plans have not been affected by COVID-19, it said.
Corporate planemakers like Canada’s Bombardier Inc
, U.S.-based General Dynamics Corp’s
Gulfstream Aerospace, and France’s Dassault Aviation SA
are closely watching to see if a summer rebound in corporate flights will last and generate demand for new aircraft.
“We are seeing corporate customers expressing interest in growing their fleets so they can fly more executives and others privately, to safeguard
Early in 2019, Airbus made waves in the commercial airframe business with the launch of the A220, a midrange, narrowbody jet smaller than a typical Boeing 737 or Airbus A319 but large enough to cover the full range of domestic routes in the United States. Now, the A220 airframe has been adapted by the corporate arm of Airbus for the launch of a new private offering: the ACJ TwoTwenty business jet.
Revealed on Tuesday, the ACJ TwoTwenty is built for the higher end of the corporate jet market. Based off of an A220-100 airframe, the ACJ TwoTwenty has 5,650 nautical miles of range, enough to keep the aircraft in the sky for twelve hours or cross the gap between Los Angeles and London. By contrast, one of the most popular private jets of all time,