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
Follow a Nat Geo Photographer on His Silk Road Adventure | National Geographic
I’m John Stanley. I’m a photographer with National Geographic magazine here on assignment for part six of the Out of Eden Walk. We started in Africa in January 2013, and we’ve been walking overland, doing slow journalism. Now we’re in Uzbekistan. [Music]…
11 SIGNS That You SHOULD END EVERY RELATIONSHIP even it's your family or friend | STOICISM INSIGHTS
Have you ever felt like you’re at a crossroads, holding onto a relationship or friendship because it’s comfortable, familiar, but deep down you know it’s holding you back from truly flourishing? It’s a tough pill to swallow, realizing that sometimes the p…
Soar Over the Lush Rice Terraces of the Philippines | National Geographic
[Music] This living cultural landscape is nestled into the remote slopes of the Cordillera Yarra mountain range in the Philippines. [Music] For two thousand years, the mountains of Ifugao province have been cultivated with terraced rice fields that stretc…
Climate Change: It’s Real. It’s Serious. And it’s up to us to Solve it. | National Geographic
Climate change. It’s real, it’s serious, and it’s up to us to solve it. In the last two decades, we’ve experienced 14 of the hottest 15 years on record. By 2050, drought and chronic water shortages could impact a billion people, while millions more will …
Kat Manalac's Whale AMA
We usually let the startups in each batch decide when they want to launch. Um, so most of the startups in the winter ‘17 batch haven’t announced yet. But, um, there is one female founder who has announced her company. Um, it’s called Simple Habit. It is a…
See How NASA Helped An Artist Create Stunning Drawings of Glaciers | Short Film Showcase
[Music] I wear any brand. I wear glasses like wear nostril filters or not breathing. I mean, not when there’s a camera on me. [Music] I’m an artist. I draw large-scale landscape drawings that document Earth’s changing climate. I’m so moved personally by t…