Magellan Jets COVID-19 Updates And Procedures

Magellan Jets COVID-19 Updates And Procedures

Gulfstream G IV

Cheaper fuel prices are slow to trickle down to the private jet-setters

Cheaper Fuel Prices are Slow to Trickle Down to the Private Jetsetters By: Ben Geier; Fortune

Will big players like NetJets follow the lead of the smaller Magellan Jets and cut fuel costs for members?
Oil prices have tumbled over the past few months to levels not seen since more than five years ago. Drivers are pocketing big savings from gas prices falling to a national average of just $2.18, more than $1 a gallon cheaper than a year ago.
But the oil market’s downturn has failed to impact some fuel-intensive industries you’d expect. One those is private jet travel, the domain of corporate CEOs and the super wealthy.
Magellan Jets, a private jet company, is an exception. It has reduced fuel prices for new member contracts by 16%.
“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,” said Joshua Hebert, the company’s CEO.
READ FULL ARTICLE HERE

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email

Jet Card

The only Build-a-Card in the industry –
ultimate flexibility and consistency.

MEMBERSHIPS

Guaranteed fixed rates and availability, while paying as you go.

CHARTER FLIGHTS

Access the safest and highest quality aircraft on a trip-by-trip basis.

jet card ownership fleet

7.5% TAX HOLIDAY FOR FLIGHTS
IN 2021 AND BEYOND

For a limited time only, receive 7.5% Federal Excise Tax exemption when you invest in private aviation between now and Dec 31, 2020, per the 2020 US CARES Act.

LEARN MORE