One of the most talked-about crypto projects of the Summer launched last week in Miami, Florida, ahead of the upcoming Bitcoin 2021 Conference held in the city.
JETT, if you don’t already know, is the world’s first crypto-only aviation company. Founded by Barry Oberholzer crypto enthusiast, former intelligence operative, and aviation guru, JETT offers full turn-key solutions for aircraft chartering and trading.
A luxurious 24/7 concierge service and exclusive access to some of the finest private aircraft in existence is just of the appeal of this crypto-only project. In an age where social influencers have more influence than politicians, the glamourous lifestyle of private air travel has never been more appealing. According to statista, The United States has by far the largest market in the world, with almost 21,900 business aircraft in 2019 and earlier this year, there were 13392 private jets owned by ultra-high net worth individuals in North America.
Aviation veteren Barry Oberholzer said of JETT:
“JETT is leading the way in connecting holders of cryptocurrencies to private air travel and aircraft ownership, while incorporating the full tax benefits of the purchase and leasing of assets”
“Technology is constantly evolving, and so is consumer demand for speed and efficient service. By connecting crypto holders with aviation assets, our exclusive platform provides attractive opportunities and allows us to deliver a boutique service to our clients”
Barry Oberholzer
JETT’s Crypto Tax Mitigation
An important and noteworthy aspect to the JETT project is the crypto tax mitigation. Whilst building a diverse investment portfolio, investing in JETT also takes advantage of the Tax Cuts and Jobs Act of 2017, which made several significant changes to the individual income tax. One of the changes of the 2017 Tax Cuts and Jobs Act allowed 100 percent bonus depreciation when purchasing an aircraft. This meant that the full cost of purchasing an aircraft, be they new or used, could be written off in the first year for business use.
As well as offering full assistance in the tax mitigation, JETT offers a white glove asset management service which means not only peace of mind but the individuals involvement and subsequent hassle is down to a minimum.
Offering safe, secure and anonymous crypto transactions, JETT manages to fuse the worlds of crypto and aviation seamlessly. Capitalizing on two growth areas, JETT opens the skies to crypto holders.
You can find out more about the JETT project here.
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Anthony Young
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