# Private Jet Firm’s $39 Million Judgment Reversed on Appeal (1)

> An Ohio-based fractional aircraft ownership company no longer owes about $39 million because a 7. 5% excise tax on some air transportation costs doesn’t apply to fixed overhead and management fees, the Sixth Circuit…

- **Source:** [Bloombergtax](https://news.bloombergtax.com/daily-tax-report/appeals-court-reverses-private-jet-firms-39-million-judgment?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6a3886c208a84490c4319961)
- **Published:** 2026-06-22
- **Category:** Planes
- **Tags:** #fees #million #appeal #because #doesn #firm #fixed #judgment
- **Canonical:** http://localhost:4321/a/6a3886c208a84490c4319961

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_GearOpen's distilled summary. The full original article is published at Bloombergtax (source link above); GearOpen does not republish the source's full text._