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
Why You’ll Regret Buying A Home In 2023
What’s up, guys? It’s Graham here. So given what’s happening in the housing market and the sudden decline across pretty much everything, I felt like it would be appropriate to address everyone’s concerns, share my thoughts about what’s going on, and expla…
2015 AP Biology free response 3
The amino acid sequence of cytochrome c was determined for five different species of vertebrates. The table below shows the number of differences in the sequences between each pair of species. So just to give us some context for what we’re talking about,…
The History of Life, I guess
From sharing the Earth with many other human species merely as hunter-gatherers trying to brave the elements to building rockets, creating the internet, and now with our eyes set on Mars, the history of humanity is one that’s filled with determination, co…
Curvature formula, part 3
So continuing on with where we were in the last video, um, we’re looking for this unit tangent vector function given the parameterization. So the specific example that I have is a function that parameterizes a circle with radius capital R, but I also kin…
What One Woman Learned Trying to Run Across California | National Geographic
There’s a lot of debate about how professional runners should be left for the elite, and then on the other side, professional runners should just be anyone who’s making a living through running. I fit squarely in neither of those categories. [Music] I wou…
Example of derivative as limit of average rate of change
Stacy wants to find the derivative of f of x = x² + 1 at the point x = 2. Her table below shows the average rate of change of f over the intervals from x to 2 or from 2 to x, and these are closed intervals for x values. They get increasingly closer to two…