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
Jacksonian Democracy part 4
So we’ve been talking about Jacksonian Democracy, and when we last left off, Andrew Jackson had defeated John Quincy Adams in the election of 1828, largely by claiming that Quincy Adams had won the previous election through a corrupt bargain. So Jackson …
TALKING BACKWARDS (Backwards Banter Brain Testing) - Smarter Every Day 168
Hey, it’s me, Destin. Welcome back to Smarter Every Day. A while back on the Smarter Every Day subreddit, someone made a post that said something like “no one ever believes that I can talk backwards.” This caught my eye, and I watched the video, and it wa…
This Disease is Deadlier Than The Plague
Hello, Steve here. Today I am moving over as the voice of Kurzgesagt for something really special. Our dearest friend John Green would like to tell you a story that’s very close to his heart. So, let’s hear it from him directly. Hey, John! Hey, Steve. T…
15 Deals That Made Billionaires
They say that if you want to go fast, you should go alone. But if you want to go far, you should pick some great partners to share the journey with. The people on this list made insane fortunes because they chose the latter, and in this video you’ll learn…
Into the Forests | Branching Out | Part 1
April is Earth month, a time to celebrate our natural world. It’s also a call to reflect on our impact and think of new ways that we can protect and restore the planet. I’m Ginger Z, chief meteorologist at ABC News. My family and I are hitting the road t…
BIGGEST EXPLOSIONS
Hey, Vsauce. Michael here, and today I’m in my apartment. But when I was in Kansas with family, my dad lit off what is known as a quarter stick. But don’t worry, absolutely no children were around. Okay, look, the point is that today we’re going to talk a…