Magellan Jets Acquires Stellar Labs

BOSTON, MA; October 2024 — Magellan Jets, a leader in the private aviation industry, recently completed an acquisition of our AI-powered software platform. 

Earlier this year, Magellan Jets hired two of the private aviation industry’s most innovative leaders. Terrence Truta, the visionary behind the technological successes of Wheels Up and Marquis Jets, will serve as Magellan’s CTO. Matthew Harris joins Magellan Jets as its Executive Vice President. Harris previously served as Executive Vice President 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 Chief Operating Officer at Milestone Aviation Group, the world’s largest civilian helicopter fleet and leasing business. The combination of the Stellar Labs platform and the recent strategic leadership additions uniquely positions both Magellan Jets and Stellar to lead the industry into a new chapter in luxury private aviation service.

Speaking on the recent strategic moves, Joshua Hebert, Magellan Jets’ Co-Founder and CEO, said, “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 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.”

Brian Flynn, a board member of Stellar, added, “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 backend capabilities will also deliver consistent monitoring of alternate flight options, ensuring a seamless journey even amidst unforeseen interruptions.

Truta shed light on the platform’s game-changing potential stating, “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.”

Nutter  represented Magellan Jets in its strategic acquisition of Stellar Labs.