JSSI Announces Year-End Payment Deferral

Oct. 12, 2010
The program allows clients to enroll by the end of 2010, and defer their 4th quarter flight hour payments until 2011.

Chicago, IL – October 11, 2010 -- Jet Support Services, Inc. (JSSI), the largest, independent provider of hourly cost maintenance programs for the business aviation industry, announced today the launch of a Year-End Payment Deferral, available to anyone enrolling their aircraft onto a JSSI Engine, Airframe or APU program, now through the end of 2010. This first-time JSSI incentive is being launched in the spirit of the recent extension of the bonus depreciation tax break applicable to aircraft purchases in the U.S. made through December 31, 2010 and placed into service by the end of 2011.

The JSSI Payment Deferral allows clients worldwide to enroll their aircraft onto a JSSI Program between now and the end of 2010, and defer their 4th quarter flight hour payments until 2011. Participants can spread their deferred flight hour payments out over the next twelve months without incurring any interest. They will need to report their monthly flight hours during the 4th quarter as required under their JSSI contract, but will not have to pay for those hours until 2011. To take advantage of this offer or to learn more, call JSSI at +1-312-644-4444 or talk to a local JSSI Director of Business Development.

“We wanted to inspire aircraft owners and operators who have delayed their decision about an hourly cost maintenance program, to take action this quarter,” stated Louis C. Seno, President and CEO for JSSI. “The recovery in our industry is slow, but we think the extension of bonus depreciation might spark some buying action in the states during this last quarter. So, JSSI will be ready to help those buyers too, by adding an extra incentive to choose our programs, by deferring their flight hour costs until next year,” added Seno.

For more information regarding the Bonus Depreciation bill that was recently passed and the benefits it offers U.S purchasers of new and in-service aircraft from now through the end of the year, please contact JSSI tax consultant and industry tax expert, Nel Stubbs, Conklin & de Decker Vice President at +1-602-404-1854.

About Jet Support Services, Inc. Founded in 1989, JSSI is the largest, independent provider of hourly cost maintenance programs for aircraft engines and airframes. JSSI provides its customers with comprehensive, flexible and affordable financial tools for managing the often unpredictable costs of operating and maintaining nearly all types of turbine-powered aircraft, including jets, turbo-props and turbine-powered helicopters. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors. For more information please visit www.jetsupport.com