yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

The Jet Business CNBC Editorial January 2012


2m read
·Nov 3, 2024

Welcome to the world's very first corporate jet showroom. This Bondes setup has been specially designed, from the floor to ceiling video walls to the mockup Airbus interior, to lure in the very wealthiest of shoppers. People known in corporate jet pants as ultra high net worth individuals. The Jet Business, the company behind this extravagant showpiece, described this as a one-stop shop for anyone with enough cash to spend on a corporate jet.

Prospective buyers can browse through the hundreds of jets on offer, some costing up to $80 million, at the touch of a button. Blackout windows shield more privacy-conscious buyers from prying eyes. Jet Business founder Steve Verano says his Belg Gravier showroom is a game changer for the corporate jet industry.

"We think that a face-to-face contact is super, super important. We think that being able to have like an information library that you can display graphically on this huge video screen that you've seen is very important. So a lot of our clients, they think they know what's available out there, but really nobody really knows everything that's available."

For the small sum of $40 million, this is what you can get: a corporate jet capable of flying transatlantic flights. It's kitted out with all the mod cons; there's even a double bed in the back. But in these times of austerity, who actually has the money to spend on this?

"That's completely changed in the last 3 years. 70% of all orders are outside the U.S., with the big growth markets being China and the other BRIC economies. And rather than proving a pricey luxury, spending on a jet could actually give your business a lift. The days of corporate excess have gone, and I think now you have to be able to justify an economic benefit of using corporate business travel.

And I think that's been proven. If you look at the performance of the Fortune 500 companies, there is a correlation between the success of the Fortune 500 companies and those that own and operate business jets. But if you feel that a corporate jet is just what your business needs to take off, then hopefully you're not in a hurry. Bear in mind that the average time between placing an order and that first transatlantic cocktail is another 5 years."

More Articles

View All
Big Short Investor's Warning About Interest Rates in 2024
I think the expectation that the FED will cut rates three times from where I’m sitting is wrong. It’s just everybody’s coming to the year so bullish. If there are any disappointments, you know what’s going to hold the market up after two years of rate hik…
The Napkin Ring Problem
Hey, Vsauce! Michael here! If you core a sphere; that is, remove a cylinder from it, you’ll be left with a shape called a Napkin ring because, well, it looks like a napkin ring! It’s a bizarre shape because if two Napkin rings have the same height, well t…
Second derivatives | Advanced derivatives | AP Calculus AB | Khan Academy
Let’s say that Y is equal to 6 over x squared. What I want to do in this video is figure out what is the second derivative of Y with respect to X. If you’re wondering where this notation comes from for a second derivative, imagine if you started with you…
Jeff Bezos 1997 Interview
Rather, who are you? I’m Jeff Bezos. And what was your claim to fame? I am the founder of Amazon.com. Where did you get an idea for Amazon.com? Well, three years ago, I was in New York City working for a quantitative hedge fund when I came across the…
The Power of the Night Sky | StarTalk
The night sky can inspire you on many, many levels. Most people’s concept of God has their God residing in the sky, not under their feet in the dirt. There’s a deep sense that what’s above us is greater than us, bigger than us, more powerful than us; seem…
You Can Always Leave
Imagine you have a friend called George… This story was misleading. George isn’t being threatened! He’s just being asked to pay his fair share like the rest of us. If he doesn’t like the arrangement, he can always leave. Let’s start with the question of …