Private Jet Tax Perk Sets Off Frenzied Demand From the Ultrarich (1)

Business is booming for Dan Hurley, the founder of private jet broker Global Charter.

Across the industry, jet sales are up 11% from a year earlier and 30% from the year before that, according to data collected by Hurley’s company. Now, his team is gearing up for a particularly busy couple months as American buyers race to lock in deals before the end of December.

The key reason: a tax break solidified in the One Big Beautiful Bill Act that allows people with businesses to fully write off purchases of private jets in the year they buy them.

President ...