On Friday, July 22, 2011 the FAA multiyear funding legislation expired after many extensions from the 2007 bill. Effectively, the Federal Excise Taxes, including the 7.5% tax and the Segment Fees, collectively the “F.E.T.” charged hourly for the commercial use of a private jet cannot be assessed until the legislative issue is resolved by the Federal Government.
Jet Linx – Many fractional jet owners have asked us if they could buy their own private jet and still make it as cost-effective and easy as fractional jet ownership?
If you’re looking to purchase a private jet or you’re interested in private jets for sale nationwide, look no further. The Jet Linx private jet purchase and private jet sales team is comprised of experienced private jet sales specialists who are able to answer any questions regarding the private jet purchase process and private jets for sale in the marketplace.
Jet Linx has positioned itself as the leading aircraft management company. With a breadth of experience, highest business jet safety ratings and FAA certifications, Jet Linx can make owning a business jet a turnkey transaction.
Last week President Obama repeatedly disparaged corporate jet owners and operators, apparently to make a case that current aircraft tax depreciation schedules for corporate jet aircraft and general aviation airplanes are too short.