News Release

Magellan Jets: introduces 15-hour jet card for clients' summer travel needs

Boston, Massachusetts-based private jet company Magellan Jets is offering clients the full jet card ownership experience at the lowest commitment ever this summer with its 15-hour jet card, available for purchase through June 1, 2023.

A jet card gives users the full experience of being an aircraft or fractional owner, without the cumbersome costs or commitments. They can fly on their own terms without the hidden costs, monthly membership fees or a large upfront capital purchase. Jet cards are fully customisable, providing the freedom to use only what they need and the ability to scale their service up or down on an annual basis. Magellan jet cards are refundable, for increased confidence in the face of economic uncertainty. Should holders need to reconsider their private aviation investment, they have the option to refund their remaining balance.

While industry providers raise prices, restrict customers and shrink service areas, Magellan Jets is leveraging its strong and stable business model to introduce a series of programme enhancements, positioning its customer-focused private aviation solutions for the most client value in 2023 and beyond. Magellan's asset-light business model, consistent profitability and continuous 35% year-over-year revenue growth uniquely position it to make these client-focused changes while offering aggressive rates 20-40 percent below its leading competitors.

Magellan Jets card owners enjoy the ultimate in flexibility, consistency and convenience. They can select from four of the most popular aircraft and all four aircraft categories, including light jets like the Phenom 300 and other top jets like the Challenger 300/350 and Gulfstream 450. All they need to do is select their aircraft type and how many hours they need, as well as other add-ons through their Build-A-Card tool.

Benefits include:

- The safest and most reliable aircraft on the market

- The most expansive international service area

- 365-day access with zero blackout dates

- The industry's lowest daily minimums

- A jet ready in as little as 24 hours

- 12-month rate lock

- A refundable investment

- 24-hour scheduling notice

- Long-leg and round trip discount

- Fuel discounts

“These changes represent our commitment to helping customers navigate the evolving private aviation marketplace as trusted advocates,” said Magellan Jets president and co-founder Anthony Tivnan. “Our operational stability, our efficiencies, investments in our supply chain and our expanded network of partners and vendors all combine to allow us to reduce expenses while simultaneously passing savings on to our customers. Factor in the recent drop in jet fuel prices and the value for Magellan's guests is extraordinary.”

The ability to move swiftly and pivot to market demands has kept Magellan competitive and profitable for the past decade while enabling it to maintain its programmes when others suspended operations. Magellan has seen high client satisfaction as a result; customer retention rates have been above 90 percent year over year, with an average 2023 trip perfection rating of 93 percent.

As a strong, stable, and resilient private jet provider, Magellan Jets is perfectly positioned to increase its market share through new customer acquisition while continuing to add value for its existing customers.