The Federal Government is planning to impose a form of luxury tax on owners and operators of private jets in the country, top officials of the Ministry of Aviation have confirmed.

The plan, currently being fine-tuned by the Aviation Reform Committee, which is also looking into certain areas of the aviation sector, will be perfected very soon.

According to the top government officials close to the move, the plan to impose the luxury tax will be preceded by the new general aviation policy, which is currently being drafted by the government.

This action is coming after the review of the 2006 Civil Aviation Act, which will lead to the promulgation of a new Act.

It was learnt that the ministry was planning to send the draft Civil Aviation Bill to the National Assembly.

However, the ministry is currently taking the draft bill to some stakeholders for their input and comments.

In the proposed general aviation policy, the government is plan to stop private jet owners from using the Air Operators Certificate. An AOC is a permit that allows aircraft owners and operators to do commercial flights.

Government, it was gathered, reasoned that since private jets owners did not operate commercial flights, it was needless to continue to require them to possess the AOC.

The proposal aims to exempt private jet owners from....

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