In a joint venture with Boston-based Magellan Jets, Slate Aviation has launched a new fractional ownership programme, providing clients with the opportunity to own shares in an elite fleet of Bombardier Challenger 850 aircraft. Slate is a very experienced operator of the Challenger 850.

Fractional ownership is the latest addition to Magellan Jets’ suite of services, which already includes jet cards, on-demand charter flights, and aircraft sales and management. The programme offers clients a private aviation solution that combines the benefits of jet ownership with enhanced customisation and potential financial benefits. It is designed to serve clients originating in the Northeast and Southeast US, with routes spanning the US, Canada and the Caribbean. Fractional owners receive significant credits and benefits, including guaranteed repurchase terms. Shares start at 60 hours annually for a three-year term length, with supplemental lift advantages and roll-over flexibility in the event of under-flown and over-flown hours.

The Challenger 850, renowned as one of the largest and most luxurious heavy jets, is distinguished by its expansive cabin space, seating for up to 19 passengers, fully equipped galley and generous luggage capacity. Featuring brand-new interiors, the aircraft provides an ideal environment for business travellers seeking productivity, families prioritising privacy and comfort, and musicians, golfers and athletes who require extra luggage storage. With special touches by Slate Aviation, every flight in the Magellan Jets fractional ownership programme is elevated with premium amenities, including attentive service from world-class flight attendants, gourmet dining options, top-shelf refreshments and high-speed wi-fi.

“Our team is dedicated to delivering seamless, personalised solutions that meet the unique needs of every client,” comments Anthony Tivnan, founder and president of Magellan Jets. “The launch of our fractional ownership programme is an exciting milestone, offering clients even greater flexibility and peace of mind, all under the trusted Magellan Jets umbrella.”

The collaboration with Slate Aviation demonstrates Magellan Jets’ asset-light approach, leveraging its highly vetted network of top-tier operators and partners in the Magellan Jets Preferred Network.

“Our joint venture with Magellan Jets perfectly aligns with Slate Aviation’s vision of redefining private travel through innovation, luxury and unwavering safety standards,” states Heather Maguire, co-CEO of Slate Aviation. “By combining Magellan Jets' commitment to tailored client experiences with Slate Aviation’s operational capabilities, we are proud to deliver an unparalleled level of service to fractional owners.”

Magellan Jets is actively selling shares and has seen unprecedented demand. Aircraft deliveries begin this month, ensuring that early buyers will be the first to experience the programme’s benefits.