Magellan Jets promotes Phenom 300 jet cards; Announces rate hike

While NetJets put its Phenom 300 jet card and fractional offering on waitlist, Magellan Jets is promoting its version of Embraer’s top-selling light jet

Boston-based jet card broker Magellan Jets is promoting its Phenom 300 jet card ahead of a planned rate increase. The hike is scheduled to go into effect on August 16. Most of all, it’s making the point that its version of Embraer’s popular light jet is still available.

NetJets made news earlier this month when it pulled both the Phenom 300 and Citation XLS, creating a waitlist as it awaits deliveries of new aircraft.

Last week, Magellan Jets’ president Anthony Tivnan told a Corporate Jet Investor Town Hall meeting his company had no intention of throttling back sales.

This morning, it announced both the rate increase and the opportunity to buy up to 100 hours on the Phenom 300 with an 18-month rate lock before the price goes up. Hours never expire.

The 100-hour version comes with an eight-hour non-peak call-out, complimentary WiFi, three free hours, and three cabin upgrades.

At 50 hours, call-out goes to 10 hours, there’s a 14-month rate lock, free WiFi, one upgrade, and one free hour. For 25 hour buyers, they get a 12-month rate lock, guaranteed availability with 12 hours’ notice, and WiFi at an additional charge.

Hourly rate is increasing from $6,750 to $7,225 per hour, plus FET. There is a two-hour minimum and the option to buy deicing insurance.

Magellan revamped its jet card line-up earlier this year adding the Citation CJ3 and Challenger 605.