BOSTON, May 11, 2023 ~ Magellan Jets, a customer-first private aviation provider, is leveraging its strong and stable business model to introduce a series of program enhancements that will provide their customers with the most value in 2023 and beyond. With their asset-light business model, consistent profitability, and continuous 35% year-over-year revenue growth, Magellan Jets is able to offer aggressive rates 20-40 percent below its leading competitors.

Joshua Hebert, CEO and founder of Magellan Jets said "The private aviation market has opened back up, and Magellan's client-centric program and robust infrastructure enable us to make these pivots on behalf of our customers."

The program changes include lower hourly flight rates across all jet card programs and memberships, lower initiation and renewal dues on its jet membership programs, re-introducing its popular entry level Light Jet Card, as well as Wi-Fi now included on its popular Phenom 300 Jet Card.

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Anthony Tivnan, President and co-founder of Magellan Jets said "These changes represent our commitment to helping customers navigate the evolving private aviation marketplace as trusted advocates. 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."

Magellan Jets' ability to move swiftly and pivot to market demands has kept them competitive and profitable for the past decade while enabling them to maintain their programs when others suspended operations. This has resulted in high client satisfaction with customer retention rates 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. To learn more about why stability matters in the private aviation marketplace visit magellanjets.com/financial-stability—and learn more about Magellan's full pricing and benefit changes here.

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