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 Does Film ACTUALLY Work? (It's MAGIC) [Photos and Development] - Smarter Every Day 258
(Birds chirping) (Box crinkling) (Camera slicking) (Birds chirping) (Camera shutter click) When I first loaded Portra 400 35 millimeter film into an SLR camera for the first time, I aimed the camera and I took the photo. I felt something. There’s somethi…
The Story Behind Europe's Tallest Statue: The Motherland Calls | National Geographic
[Music] Mr. O’Reilly, 300ccs. Don’t name our canoes. No visible earth, it has the scale of America’s National Mall and the seriousness of Pearl Harbor. Combine them, and that’s what it feels like to visit Mammoth Gorgon, the memorial complex for the Batt…
Into the Wilderness: Trapping a Wolf | Life Below Zero
♪ [Ricko] We have to hunt and kill to survive. Just like the animals out here. ♪ ♪ ♪ ♪ Most likely the wolves came along and hamstringed it, or they’re right around here somewhere. I’m traveling along with my snow machine, looking for a place to do some w…
Michael Burry's BIG Short Against Tesla Stock REVEALED!
Well, Michael Burry has released Scion Asset Management’s 13F filing for Q1 of 2021, and it was very interesting this time around. Firstly, lots of options. Secondly, big bets on interest rates going north, which is essentially a prediction that we’ll see…
BEST IMAGES OF THE WEEK: IMG! episode 6
A pizza topped with other smaller pizzas and Chewbacca gone bad. It’s episode 6 of IMG. As fall approaches, BuzzFeed brings us pugs wearing jackets—103 pictures of pugs wearing jackets. But don’t worry, by the time this cat catches the balloons, you will …
Harj Taggar - Choosing a Startup to Work At
Hey everyone, I’m Harj. I’m a partner at Y Combinator, and I’m going to answer how do you choose a startup to work at. So the first thing is to be sure you actually want to work at a startup. Working at a startup is not for everyone. It’s a very unique e…