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
Are Programmers Obsolete?
The democratization of apps will continue. But remember, the web made it a lot easier to build web pages too. So then the bar went up, and you needed interactive web pages. A lot more people learned how to build interactive web pages, so the bar went up. …
15 Monthly Investments To Make for a Richer Life
If you’re here because you think this is all about how you can get the biggest return on your investment in the shortest time possible, think again. Okay, that’s the dream, but we all know that big returns in a short time are a gamble, and a rich life isn…
Interviewing a Former White Nationalist | Trafficked with Mariana van Zeller
You’ll never get the truth from a current extremist. Their whole job is to lie to you and to spin things their own way. Which is why I say if you want the truth, talk to a former extremist. You still have the jacket? Still have the jacket? Oh, so this wa…
SMARTER EVERY DAY AND SPACE!!!! - 129
Hey, it’s me Destin, welcome back to Smarter Every Day. So of everything I’ve studied on Smarter Every Day, if you know anything about my educational background or my family history, you know that space is this holy topic. It’s something that must be appr…
Simplifying radicals examples
Let’s get some practice rewriting and simplifying radical expressions. So in this first exercise, and these are all from KH Academy, it says simplify the expression by removing all factors that are perfect squares from inside the radicals and combine the …
Gmail creator Paul Buchheit on the very first version of Google’s “Did you mean?” feature
One of the earliest kind of magical features that we added was the “did you mean?” Uh, you know, the spell correction. And so that actually comes from originally just my inability to spell. I’ve never been very good at spelling; my brain doesn’t like arbi…