The recently enacted Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"), contains provisions which suspend air transportation federal excise tax ("FET") and fuel tax which would otherwise apply to domestic and international commercial operations of aircraft for flights conducted and fuel purchased between March 28, 2020 and January 1, 2021.

The suspension includes all taxes normally assessed with respect to commercial flights, including the 7.5% FET on the fair market value of the charter flights, applicable domestic and international segment fees and certain fuel taxes. The suspension also applies to FET payments that would otherwise be due for time sharing flights conducted under Part 91.