Magellan Jets has acquired Stellar Labs' AI-powered software platform in a move to streamline the private jet card and charter flight quoting process, as well as improve trip planning.
“This collaboration positions us to exceed and elevate the expectations of our private aviation guests, ushering in an era of unprecedented efficiency and profitability,” Magellan Jets co-founder and CEO Joshua Hebert explained. “Acquiring Stellar’s platform strategically positions us to leverage advanced technologies and ensure our competitiveness and continued growth for years to come.”
Founded in 2014, Stellar Labs has built a demand aggregation technology platform that benefits operators and brokers alike. Stellar’s pricing engine allows for the application of algorithms to improve profitability while saving time.
“Joining the Magellan Jets family will greatly expand Stellar’s existing user base of leading operators and deliver unprecedented benefits to hundreds of private aviation operators across the industry by allowing them to more efficiently distribute access to their fleet of aircraft," said Brian Flynn, a board member of Stellar.
Magellan plans to operate the company as an independent provider of services to its Preferred Network of aviation partners while using its AI technology to power the upcoming relaunch of its mobile app and website. The robust backend capabilities will also deliver consistent monitoring of alternate flight options, ensuring a seamless journey even amidst unforeseen interruptions, concluded Magellan.