Magellan Jets, an innovator in private aviation, today announced it will reduce fuel prices for new member contracts starting Jan 15th by 16% across the board to reflect the lower price of oil.
The price drop comes as part of Magellan Jets’ ongoing commitment to bring the best value to its members. The Company’s stability enables it to pass savings directly on to its customers, which stands in contrast to much of the rest of the aviation industry.
“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. The Build-A-Card platform 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.