Boston-based jet card broker Magellan Jets is opening its first private terminal for customers at Hanscom Field outside of Boston and expanding its services
Jet card and on-demand private jet charter broker Magellan Jets is opening its first customers-only terminal. At the same time, it is dipping into aircraft management, sales, and acquisitions.
A formal announcement is scheduled for Friday, Jan. 20.
The new lounge facility is at Laurence G. Hanscom Field in Bedford, Massachusetts. BED was the 20th busiest private jet airport in 2021, according to Argus TraqPak.
“As we enter our 15th year of providing private aviation solutions to customers, our growth has continued by working closely with our customers and providing innovative and value-based solutions for the different aspects of their aviation use,” Magellan Jets President Anthony Tivnan tells Private Jet Card Comparisons.
The 5,300-square-foot lounge includes a seating area, complimentary WiFi, and a fully-stocked beverage center. Customers can request Magellan to stock their favorite wines and spirits.
There is an executive conference room with telecommunications capabilities, restrooms, VIP parking, and views of the tarmac.
CEO Joshua Hebert says Magellan Jets plans to add one-to-two terminals per year.
It is already in negotiations for its second location, although he declined to provide more details.
Private jet sales, acquisitions, management
At the same time, Magellan will expand beyond its charter brokerage, adding aircraft management, sales, and acquisitions.
“With the launch of our private terminal at Bedford Hanscom Field, one of our major hubs and in our backyard, it’s the perfect location to expand our service offering by adding aircraft sales, acquisitions, and management to the platform of products our customers have access, too,” Tivnan says.
Tivnan says the decision to expand its services came after informally advising high-volume customers who wanted to own their own private jets.
For those frequent private jet flyers, the end result would be Magellan still providing 25 hours in supplemental lift but losing a 250-hours plus per-year jet card customers.
“We needed to sell 10 jet cards to replace the revenues. The only reason the customer was leaving was they were at a flight volume where full ownership makes sense. Now we can expand that relationship,” Tivnan says.
Tivnan says he hopes to have 10 aircraft under management by the end of the year.
Magellan is partnering with top management companies, beginning with Priester Aviation.
While it will manage Part 91 and Part 135, the latter will provide capacity for demand from Magellan’s on-demand, membership, and jet card clients.