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.
Month: July 2011
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.