Private aviation provider Magellan Jets expanded its portfolio of private aviation solutions in 2022. Among other initiatives, they launched a new aircraft sales & management division, moved to a new corporate headquarters with a new flight operations center, and recently opened the company’s first private jet terminal. As a result, the company grew gross revenue to a total of $120 million last year and is projecting $140 million for 2023.

Over the last decade Magellan says it has consistently grown gross revenue by 34 percent year over year. In 2022 Magellan increased total flight hours by 19.9 percent compared to 2021 and their jet card program saw a 30 percent increase in sales and an 89 percent renewal rate. In 2021 Magellan reported $80m in total gross revenue.

Magellan leadership credits these successes in large part to their team of dedicated and experienced aviation professionals. “Behind every exceptional customer experience is a crew of dedicated and passionate employees,” said Magellan Jets CEO Joshua Hebert. “We spent a significant portion of our time and profit in 2022 investing in our team members. When we have the right people in the right seats and are consistently making sure they have what they need to be engaged and passionate about their work, they’re more likely to deliver exceptional service and create memorable experiences for our guests.”

Magellan Jets Flight Operations Center

For its jet card programs Magellan brought in shorter callout times, more competitive daily minimums, and an expanded service area. They also created the new funds-on-account Explorer100 Membership. And, for their customers whose needs have progressed beyond jet cards, private jet membership and on-demand charter Magellan established a new aircraft sales & management division.

“Aircraft Sales and Management is the newest product line in the Magellan Jets aviation portfolio, closing the loop and completing the circle of life for the private flyer, all on one platform,” said Magellan Jets President Anthony Tivnan. “We’re there as a trusted partner for the purchase of the aircraft, and afterward, we develop a personalized management plan on the client’s behalf that treats ownership expenses as pass-through costs. For our customers who are interested in offsetting the cost of aircraft ownership, we put their aircraft into our own network for use in the Jet Card and Membership programs.”

Just a few weeks ago Magellan opened their Bedford, Massachusetts private terminal. The location offers all Magellan’s customers a space at one of the busiest private jet airports in the country. The company plans to open one additional terminal in a new market each year.

“For our members arriving and departing in the Boston area, this space provides a private, familiar place for them,” Hebert said. “When they walk in the door, the staff know exactly who they are, where they’re going, and what they might like on the airplane. It’s a very different experience than flying into your typical FBO - and it means a lot to us that our first terminal serves the Greater Boston community that has been a part of our story since the very beginning.”