Magellan Jets

What It Is: Privately owned Magellan Jets is a Northeast U.S.–based brokerage that provides on-demand charter and jet cards. It is IS-BAO certified and ARG/US rated.

How It Grew: Longtime friends Joshua Hebert (cofounder of charter access and auction site jets.com), Anthony Tivnan, and Gregory Belezerian launched the company in 2008, promising access to a private jet within 10 hours. Magellan prepaid operators to cement relationships and gain the use of their best aircraft. Within months of its founding, Magellan introduced its Voyager jet card, offering guaranteed hourly rates and one-way and round-trip pricing, along with perks like aircraft upgrades, for a $250,000 deposit. In 2012 the company introduced a 10-hour jet card on the Eclipse 500, the lowest-hour-denominated offering from a major provider, with no minimum flight times or blackout dates. That same year, the company debuted a private jet search app for iPhones that accessed real-time charter market information and allowed booking via Docu-signed contracts.

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In 2014 the company introduced new on-time departure guarantees, crediting flight hours back to card members for delays not caused by weather or air-traffic control. In 2017 the broker launched a corporate jet card program, and in May 2019 it updated its card offerings with Elevate by Magellan, eliminating peak-day surcharges and interchange fees and adding the Phenom 300 to its model-specific cards, while providing a 30-day money-back guarantee for card buyers.

What It Offers:

Jet cards. Elevate features 25-hour cards for light and midsize jets, for $5,250 and $6,994 per hour, respectively, including federal excise tax. It also provides model-specific 25-hour cards for eight light, midsize, super-midsize, and heavy jets, including the Hawker 400XP ($5,790 per hour), Hawker 800XP ($7,199), Challenger 300 ($9,986), and Gulfstream 450 ($13,500). In New York, it offers a 10-hour Sikorsky Helicopter card ($13,799 per hour).

On-demand charter. Magellan Jets provides light, midsize, super-midsize, and heavy jet charters, sourced through its Preferred Network and available within eight hours, in addition to air ambulance flights.

Notable Distinction: In 2013 Magellan Jets became the first charter broker to join the Air Charter Safety Foundation.

FAST FACTS

Founded: 2008

HQ: Quincy, Massachusetts

Revenue: $40.25 million (2018)

Employees: About 45

CEO: Joshua Hebert

Website: magellanjets.com

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