Boston, Massachusetts-based Magellan Jets is acquiring the AI-powered software platform from Stellar Labs, to streamline the private jet card and charter flight quoting process and enhance trip planning.
Earlier this year, Magellan Jets hired Terrence Truta, the visionary behind the technological successes of Wheels Up and Marquis Jets to serve as CTO. Matt Harris also joined as executive vice president. Harris previously served as EVP of NetJets where he led owner and employee service delivery for 14 years to more than 5,000 corporate and high net-worth customers and private jet owners. He also held the position of COO at Milestone Aviation Group, the world's largest civilian helicopter fleet and leasing business.
Co-founder and CEO Joshua Hebert says: "Integrating Stellar's AI capabilities marks a quantum leap in private jet service delivery. This collaboration positions us to exceed and elevate the expectations of our private aviation guests, ushering in an era of unprecedented efficiency and profitability. At Magellan Jets we recognise the critical need for digital transformation in the aviation industry, and acquiring Stellar's platform strategically positions us to leverage advanced technologies and ensure our competitiveness and continued growth for years to come."
Founded in 2014, Stellar Labs has built a demand aggregation technology platform that benefits operators and brokers alike. The pricing engine enables the most sophisticated pricing algorithms to be applied to improve profitability while saving time. Board member Brian Flynn adds: "Joining the Magellan Jets' family will greatly expand Stellar's existing user base of leading operators and deliver unprecedented benefits to hundreds of private aviation operators across the industry by allowing them to more efficiently distribute access to their fleet of aircraft."
Magellan plans to operate the company as an independent provider of services to its preferred network of leading aviation partners while also leveraging its leading AI technology to power the upcoming relaunch of its mobile app and website. Private jet enthusiasts can look forward to an intuitive, real-time private jet card and charter flight experience. The robust back-end capabilities will also deliver consistent monitoring of alternate flight options, ensuring a seamless journey even amid unforeseen interruptions.
Truta sheds light on the platform's game-changing potential: "Crafting the ideal private aviation solution is both intricate and nuanced. With Stellar's advanced AI capabilities at our disposal, we're primed to offer private jet clients real-time, bespoke solutions, to deliver a best-in-class travel experience."