March 14, 2022
Today, we want to inform you of several updates we’re making to our programs in response to global supply chain challenges and the economic ripple effect of the war in Europe. Consistent with the terms of your Jet Card Ownership and/or Membership agreement, Magellan Jets is implementing the following changes to your program given that these crises are outside of the reasonable control and prevent us from performing all of our contractual obligations:
– Implementation Of Fuel Adjustment
– Updates To Booking Window
– Adjustments To Daily Flight Hour Minimums
– Adding More Qualifying International Destinations
Russia’s invasion of Ukraine and the intense sanctions levied on Russia by the US, UK, EU, and others in response have shocked the global economy and caused the price of jet fuel to skyrocket. While Magellan Jets is doing all we can to insulate our guests from the volatility of the aviation fuel market, we have instituted a Fuel Adjustment on all program flights in order to cover rising jet fuel costs.
How will this work? Based on the current price of jet fuel, Magellan will add an additional invoice to your flight based on aircraft cabin class and trip length. The cost will move up or down on a weekly basis in conjunction with the publicly posted jet fuel prices from S&P Global/Platts and single FBO source location rates. The applied fuel adjustment rate which will be billed will be that of the posted rate of the Monday prior to the day of departure. At the time of booking clients will receive an estimate of their trip. The exercised fuel adjustment rate will be delivered to members in their final itinerary. You can view the current Fuel Adjustment for each aircraft class, updated each week, on our Fuel Price Monitor page. Your hourly program rate will not be impacted; the Fuel Adjustment is a separate invoice adjusting for the fuel surge due to the war in Europe.
The program will take effect at 12:01 a.m. on Wednesday, March 16, 2022.
Effective immediately, for clients who bought a jet card before November 24th 2021 or after January 4th 2022, we are adjusting the daily flight hour minimums on all jet card owner and member flights. These changes will help ensure aircraft and crew schedules are built appropriately to respond to demand, enhancing both the level of safety and the quality of service provided. The new daily minimums are as follows:
Click here to view our Primary Service Area Map. Taxi time is not included in these daily minimums.
As a reminder, your program allows international travel within 200 nautical miles of our Primary Service Area with a 10% International Surcharge. Effective immediately, for clients who bought a jet card before November 24th 2021 or after January 4th 2022, we’ve added the following international destinations beyond 200 nautical miles of our Primary Service Area as qualifying destinations for your program, with a 20% International Surcharge:
* Antigua * Barbados * Bermuda * Cayman Islands * Dominican Republic * Guadelupe * Jamaica * Mexico * Netherlands Antilles * Puerto Rico * St. Kitts & St. Nevis * St. Lucia * St. Martin * Trinidad and Tobago * Turks & Caicos * U.S. Virgin Islands *
For all other international destinations, Jet Card Owners may schedule trips with dynamic pricing using their Jet Card funds; Members will pay the going charter market rate.
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.
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