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CNBC: Private Jet Charter Cuts Member Fees on Cheaper Fuel

Private Jet Charter Cuts Member Fees on Cheaper Fuel
By: Hailey Lee; CNBC
Plummeting oil prices are turning out to be a boon for private jet aficionados.
In order to reflect the lower price of oil, private jet charter companyMagellan Jets announced it is cutting fees for all membership contracts made after Jan. 15 by 16 percent.
U.S. crude tumbled to $46 this week, the lowest since April 2009, withBrent crude falling below $50 a barrel, the first time since May 2009.
The cost of Jet A, a type of fuel used by private jet aircraft, fell 7 percent to 9.5 percent in the past 12 months, based on research conducted by Jet Advisors, private jet brokerage and research firm. Magellan anticipates this trend to continue as the retail market catches up with wholesale oil prices.
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PROUD PARTNERS

Robb Report named our private jet membership “Best of the Best.” Join the membership program the magazine called “one of the most innovative and consumer-friendly jet programs in the year.”

The staff at Magellan Jets and on the aircraft where outstanding!! The level of communication through this process was exemplary. The best choice we made was the selection of Magellan Jets. Would never use anybody else.
-Magellan Jets Member

Our first flight was definitely a 5 star experience. Our family is totally spoiled now! All went smoothly and we all relaxed and snacked as we winged our way to Aspen. Thank you very much.
-Magellan Jets Jet Card Owner

100% positive experience. From booking to flight prep to destination. Quality work, folks. Thank you!
-Magellan Jets Jet Card Owner

Wonderful and smooth flight. The pilots were the best. Thank you Magellan for an amazing flight into Anguilla!!!!
-Magellan Jets Charter Client

This was an awesome experience. Beautiful aircraft. Wonderful crew and good catering. Thank you for the upgrade!
-Magellan Jets Member

The aircraft was pristine. The flight crew were friendly, warm, personal and professional. You can tell they love their job and the people they both work for and work with.
-Magellan Jets Charter Client

Great work on behalf of your whole team. We needed to get our 88 yr old mom to PA. Your personnel were outstanding! This is where companies either soar or crash...Magellan was flying high. Thanks so much.
-Magellan Jets Jet Card Owner

Magellan Jets jet card ownership, jet membership, on-demand charter, aircraft sales and management are programs of Magellan Jets, LLC (Magellan Jets®). Magellan Jets (the Air Charter Broker) acting as an “Authorized Agent” for the Program Member (Charterer) shall; maintain non-owned aircraft liability insurance, and personal injury coverage, contract for transportation services with only FAR Part 135 or 121 Direct Air Carriers or their foreign Civil Aviation Authority (CAA) equivalent that operate and exercise full operational control over those flights at all times. Magellan Jets does not own or operate aircraft nor is a direct or indirect carrier. Flights will be sourced through a proprietary Magellan Jets Preferred Network of Direct Air Carriers that meet all FAA or CAA safety standards and additional safety standards established by Magellan Jets.

Magellan Jets does provide access to aircraft management services which are provided by FAR Part 135 and 91 Direct Carriers or their foreign Civil Aviation Authority (CAA) equivalent that manage the full or partial operation of the aircraft on behalf of the Owner (Aircraft owner) and exercise full operational control of all flights at all times.

CNBC: Private Jet Charter Cuts Member Fees on Cheaper Fuel

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PROUD PARTNERS

Robb Report named our private jet membership “Best of the Best.” Join the membership program the magazine called “one of the most innovative and consumer-friendly jet programs in the year.”

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