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
How To Make a Quantum Bit
To find the prime factors of a 2048 number, it would take a classical computer millions of years; a quantum computer could do it in just minutes. And that is because a quantum computer is built on qubits, these devices which take advantage of quantum supe…
living alone🌞 | a productive day in my life ☕️📚🖋
[Applause] [Music] Good morning, my love! How you guys are doing? I’m doing awesome! If you watch my other vlogs, you probably know that I love eating. So for today’s breakfast, I was thinking about French toast. Let’s make it! So, I found a recipe for F…
Homeroom with Sal & Vas Narasimhan - Wednesday, July 8
Hi everyone! Welcome to our homeroom live stream. I’m very excited about the conversation we’re going to have in a few minutes. But before that, I will give my standard announcement: a reminder that Khan Academy is a not-for-profit organization with a mis…
Do Robots Deserve Rights? What if Machines Become Conscious?
Imagine a future where your toaster anticipates what kind of toast you want. During the day, it scans the Internet for new and exciting types of toast. Maybe it asks you about your day and wants to chat about new achievements in toast technology. At what …
Nature's 3D Printer: MIND BLOWING Cocoon in Rainforest - Smarter Every Day 94
Hey, it’s me, Destin. Welcome back to Smarter Every Day! So, we just got off this boat, and we’re gonna walk for about an hour in the jungle to find a moth pupa. Okay, Phil just found it. So, what are we looking at here? This here is the pupa of a moth c…
Worked example: Calculating the mass of a substance in a mixture | AP Chemistry | Khan Academy
We’re told that a 0.450 gram potassium supplement contains 22 percent potassium by mass. The potassium is present in the supplement as potassium chloride, which has a molar mass of 74.55 grams per mole. How many grams of potassium chloride are in the pota…