Magellan Jets is adding to its membership programs and refocusing its jet card offering to provide customers with more benefits, lower-cost options, and flexibility if their long-term travel requirements change.
The Boston-based charter broker introduced the Explorer100 private jet membership that provides a refund clause if market changes force customers to reconsider their investments. Based on its Explorer membership category, Explorer100 provides fixed-rate pricing across four categories of cabin sizes, starting with an account of $100,000. Under the program, members have a 12-month rate lock and access to amenities such as guaranteed Wi-Fi and long-leg and round-trip discounts.
“We’ve seen hesitancy among companies and individuals around making large, multi-year investments right now without knowing what the impact could be months and years down the line,” said Magellan Jets president and co-founder Anthony Tivnan. “While other providers continue to lock their customers into multi-year agreements, we want to provide an additional layer of risk- and recession-proofing by allowing customers to recoup their unused investment if the need to pivot their business travel plans arises.”
In addition, Magellan is now focusing its legacy jet card program on its most-requested aircraft, such as the Phenom 300, a move that it says will be more cost-effective for the customer. The daily minimum, the smallest about of flight time charged per day, has also been reduced to 60 minutes. This bucks a trend of average daily minimums of 103.9 minutes, Magellan said. Jet card customers who purchase in larger blocks will have additional benefits such as 18-month rate locks.
Magellan is also shortening its callout time for both the Explorer100 and jet cards to enable booking with as little as 24 hours’ notice.
“As our programs have grown, we have experienced some of the highest levels of volume we’ve ever seen combined with some of the biggest challenges in aviation history, and we’ve learned a lot about what our clients need in today’s re-opening market,” said Tivnan.