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
Cellular evidence of common ancestry | High school biology | Khan Academy
Perhaps the most mind-blowing idea in all of biology is the concept that all living things we know of, based on current evidence that we have, all originated from a common ancestor. So it doesn’t matter whether we’re talking about a simple bacterial cell,…
How I got 100k subscribers in 3 months (step-by-step)
This is how to create a killer YouTube video to blow up your channel. Because one or two killer YouTube videos have the potential to significantly transform your channel permanently. Pay close attention because many creators, including myself, achieve the…
The development of an American culture | AP US History | Khan Academy
In this video, I’m going to take some time to talk about the culture of the young United States that developed in the early 19th century. At the beginning of this period, most of the dominant artistic and cultural productions in the United States—the pain…
Varying Definitions of “Awesome” | StarTalk
So, what do you, you’re impressed that food can come out of a machine? Hot, hot food! You press a button, you just… It’s like a real vending machine that you would get chips from. But instead, it’s like all these burgers, and they taste disgusting. But th…
Expressing a quadratic form with a matrix
Hey guys, there’s one more thing I need to talk about before I can describe the vectorized form for the quadratic approximation of multivariable functions, which is a mouthful to say. So let’s say you have some kind of expression that looks like ( ax^2 ).…
Wealth Secrets: When Family Asks For Money
Hey there, Aluer. So you’ve made a little bit of money, and now you’re faced with this awkward situation where some people are in your life, and they might want or need some of it. What do you do? Should you give money to your family and friends, especial…