Magellan Jets president opens his company’s first private terminal at Hanscom

Magellan Jets has reached a new cruising altitude now that the Quincy private jet company has opened its first terminal, at Hanscom Field. President Anthony Tivnan said

Magellan picked the Bedford airport for a 5,300-square-foot private terminal because of its proximity to the headquarters and the volume of activity the company, which provides

charter and jet-card services, has in the Boston market. He said the terminal offers a hotel lounge experience for flyers with amenities such as a bar, a conference room, and

designated parking. The opening coincides with Magellan’s launch of an aircraft sales and management division; the company expects to use the terminal in part to showcase

aircraft that owners list with Magellan for sale. Tivnan started Magellan with two business partners, Joshua Hebert and Greg Belezerian, in 2008 during the Great Recession;

they continue to manage the nearly 70-person company today, and have not yet taken on outside investors. The company does not use its own planes or crews, but operates as an

intermediary that connects travelers with the private jets they need. Fifteen years after Magellan’s founding, Tivnan said he’s prepared for the likelihood of another

recession. It’s a good time to be expanding, he said, particularly if companies try to save money by jettisoning corporate jets and turn to charter service. Magellan saw a record

$120 million in revenue last year and expects that number to grow in 2023.