Tag: jet

Pay Now, Fly Tax-Free Private Jet Card Offers Are Taking Off

If you drive a car, I’ll tax the street

If you try to sit, I’ll tax your seat

If you get too cold, I’ll tax the heat

If you take a walk, I’ll tax your feet

-The Beatles

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

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Your CARES Act Benefits Experts, Magellan Jets, Offers Tax Holiday Strategy Consulting on Private Jet Travel in 2021 & Beyond

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.

In response to the tax holiday, Magellan Jets is

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Airbus Unveils Sleek New ACJ TwoTwenty Business Jet

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,

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Honeywell cuts business jet deliveries outlook as pandemic hits aviation

MONTREAL (Reuters) – Honeywell Aerospace HON.N 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.

FILE PHOTO: An attendee exits the Bombardier Global 6500 business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker

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 BBDb.TO, U.S.-based General Dynamics Corp’s GD.N Gulfstream Aerospace, and France’s Dassault Aviation SA AVMD.PA are closely watching to see if a summer rebound

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Honeywell Forecasts Business Jet Usage Will Recover To 2019 Levels By The Second Half Of 2021

– 80% of operators say purchase plans have not been affected by COVID-19

– 29th annual Global Business Aviation Outlook forecasts 7,300 new business jet deliveries over next decade valued at $235 billion

– Five-year purchase plans for new business jets are largely unchanged from a year ago

PHOENIX, Oct. 6, 2020 /PRNewswire/ — Honeywell’s (NYSE: HON) 29th annual Global Business Aviation Outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% in deliveries from the same 10-year forecast a year ago. Despite the dip, 4 of 5 business jet operators in the survey indicate that purchase plans have not been affected by the COVID-19 pandemic. Short-term reductions in both deliveries and expenditures due to the pandemic aren’t expected to have a lasting impact on the business jet industry.

Honeywell Logo. (PRNewsFoto/Honeywell) (PRNewsfoto/Honeywell)
Honeywell Logo. (PRNewsFoto/Honeywell) (PRNewsfoto/Honeywell)

“Business jet usage is expected to rebound to

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Business jet purchase plans mostly unscathed by COVID-19, Honeywell survey shows

By Allison Lampert

MONTREAL (Reuters) – Business jet operators planning new aircraft purchases are largely undeterred by the battering the COVID-19 pandemic has done to the aviation sector, a Honeywell <HON.N> Aerospace outlook on corporate planes published on Tuesday says.

Private flights, which carry smaller groups and promise wealthy passengers less risk of exposure to the coronavirus, have generally fared better than those of commercial airlines, with operators like NetJets and VistaJet reporting improved demand this summer.

Corporate planemakers like Canada’s Bombardier <BBDb.TO>, U.S.-based General Dynamics Corp’s <GD.N> Gulfstream Aerospace and France’s Dassault Aviation SA <AVMD.PA> are closely watching to see if the summer rebound in corporate flights will last and translate into 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 employees’ health and prevent disruptions to their business,” said Scott Neal,

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Bombardier’s Most Accessible Business Jet, the Learjet 75 Liberty, Enters Service

Learjet 75 Liberty

The Bombardier Learjet 75 Liberty aircraft is now in service.
The Bombardier Learjet 75 Liberty aircraft is now in service.
The Bombardier Learjet 75 Liberty aircraft is now in service.
  • World’s best light jet is now within reach of more customers and operators than ever before thanks to an exceptional price point and attractive operating costs

  • The Learjet 75 Liberty is built by a world-class team in Kansas, the birthplace of this iconic business jet

  • Customers have the liberty to choose between 6- and 8-seat cabin configurations

WICHITA, Kan., Oct. 06, 2020 (GLOBE NEWSWIRE) — Bombardier is delighted to announce that the newest addition to its diverse business jet portfolio, the Learjet 75 Liberty light jet, is now in service with the first delivery to long-time Learjet operator Alex Lyon & Son, an auctioneering firm that operates throughout the United States and beyond.

“The Learjet 75 Liberty is a value-added business tool for those seeking a safer

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Thieves steal business jet in Mexico, crash in Guatemala

Authorities say thieves stole a business jet from an airport in central Mexico, flew it to Venezuela, loaded it with drugs and then crashed the plane in Guatemala

The attorney general’s office in Guatemala said four people were killed when the BAE 125 jet crashed and burned there Thursday.

The dead could not be immediately identified because they were so badly burned, but drugs and weapons were found in the wreckage of the craft, which authorities also referred to as a Hawker 800.

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New Survey Shows New Users & Business Travel Will Bolster Private Jet Travel For The Fall

MIAMI, Sept. 24, 2020 /PRNewswire/ — Private Jet Card Comparisons has released the results of a new survey that reveals 90% of new and existing private aviation users are expecting to travel by private jet this fall. According to the survey, 51% of respondents are planning to increase their use of private aviation, with 31% reporting their companies are expanding usage of private aviation services. The survey analyzed individuals’ upcoming plans to fly private between September and the festive period, with 36% of respondents identifying as new or returning users and 64% representing existing users who were flying private prior to the COVID-19 pandemic.

“Fundamentally, it looks like a combination of new users to private aviation and steady, continued usage from existing users will offset an overall drop in business travel between now and the Christmas holiday season,” said Doug Gollan, Founder and Editor-in-Chief of Private Jet Card

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Jet fuel is now so cheap it’s being blended for use by ships | Business

The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel.

Straight-run kerosene, usually processed into jet fuel, is now being used to make very low-sulfur fuel oil for the maritime industry amid a plunge in consumption by airlines. Higher than normal amounts of diesel and vacuum gas oil are also finding their way into shipping fuel.

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