The U.S. government’s $2.2 trillion stimulus package comes with a perk for high fliers: Flights are getting cheaper for some private-jet customers.
The legislation, known as the CARES Act, suspended a 7.5% federal excise tax on commercial air transportation through year-end, a move that would help big U.S. carriers. But it will also benefit some customers of private-jet operators such as Berkshire Hathaway Inc.’s NetJets and broker PrivateFly.
“While this temporary tax relief will benefit anyone who purchases commercial transportation, including our private jet card purchasers, the primary beneficiaries will be the millions of Americans who purchase airline tickets,” a ...
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