Magellan Jets says the acquisition of an AI-powered software platform Stellar Labs will streamline the private jet card and charter flight quoting process. The private aviation solutions provider says the acquisition also will enhance trip planning and Magellan Jets' commitment to redefining the private aviation experience.
"Integrating Stellar's AI capabilities marks a quantum leap in private jet service delivery," said Joshua Hebert, Magellan Jets co-founder and CEO. "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 recognize 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, founded in 2014, has a demand aggregation technology platform that benefits operators and brokers.
Brian Flynn, a board member of Stellar said, "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.
