SOURCE: Magellan Jets

Magellan Jets

June 17, 2015 13:49 ET

With the Cost of Fuel at an All-Time Low, Magellan Jets Remains the Only Private Jet Charter Company to Reduce Member Rates and Plans to Reduce Even Further

Making Private Aviation More Accessible to Summer Travelers

BOSTON, MA--(Marketwired - Jun 17, 2015) - Magellan Jets, pioneers in private aviation, recently reduced fuel prices for new members to reflect the lower price of oil, and have seen a 50% increase in membership from Q1 of 2014 - Q1 of 2015 as a result of this price drop. If the trend continues, Magellan Jets says they will drop their rates again by another 2%. To date, no other private jet charter companies have reduced their member rates due to the lower cost of fuel.

The price drop came as part of Magellan Jets' ongoing commitment to bring the best value to its members and prospective travelers. The company's stability enables it to pass savings directly on to its customers. This fuel discount comes just in time for those planning their summer vacations, and with the continuous price drops at Magellan Jets, flying privately will become more accessible to all types of travelers this summer.

"Magellan Jets is here to make travel easier for our Members, and this is one more way we can show them how much we value our relationship," said Joshua Hebert, CEO of Magellan Jets. "While we cannot adjust prices with every fluctuation in the market, we could not watch such a significant swing in oil prices without taking action on behalf of our customers."

Research provided by Kevin O'Leary, CEO at Jet Advisors®, shows that the cost of Jet A has dropped between 7% and 9.5% over the last 12 months, and Magellan Jets projects this trend to continue as the retail market catches up with wholesale.

The price decrease follows Magellan Jets' Build-A-Card technology launch last year, which allows members to customize their own membership program online. Both the Build-A-Card and the Company's decision to turn reduced oil prices into client savings underscore Magellan Jets' mission: to provide consistent, reliable and safe travel with comfort and ease through their unparalleled service, proving that they are truly pioneers in the private aviation industry.

Magellan Jets is a leader in private jet travel with over 30 years of aviation experience. At the forefront of their reputation is the superb quality of service and safety. http://www.magellanjets.com.

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