Boston-based jet card broker Magellan Jets has reduced non-peak bookings to 48 hours while adding one-way pricing to Hawaii.
Magellan Jets has reduced the lead time to book non-peak flights to 48 hours from 72 hours.
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Magellan Jets has reduced the lead time to book non-peak flights to 48 hours from 72 hours.
Magellan Jets gross revenue increased to $80 million in 2021, and the company is projecting $115 million this year.
Over 450 industry CEOs and leaders gathered last week in Miami for Corporate Jet Investor. For two days they hashed about issues relevant to the overall industry, with a large focus on private jet travelers who fly via jet cards, memberships, and charter.
Is the current record level of demand here to stay? Where will the industry find the capacity to meet that demand? Is more consolidation coming? How many big players are there left to buy? What is Amazonian pricing? When will the supply chain improve? Where have all the pilots – and line workers gone? Are they coming back? How will all the outside investment impact private aviation? What about on-time performance? What type of changes will you see to your jet card program? With dwindling supply, are small brokers on life support?
Magellan Jets is the latest card program to reset terms.