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
Breakthrough Prize Ceremony Live
The human mind is an incredible thing that can conceive of the magnificence of the heavens and the intricacies of the basic components of matter. Yet for each mind to achieve its full potential, it needs a spark—the spark of enquiry and wonder. I don’t be…
This Plan to Save a Rare Albatross From Extinction Just Might Work | National Geographic
There’s a place called the Pyramid Tatara Khoikhoi, yeah, off the Chatham Islands. This one rock basically is the only place in the world where this exceptionally beautiful, extremely rare bird breeds. The entire global population of 5,000 something pairs…
Dilating triangles: find the error | Performing transformations | Geometry | Khan Academy
We are told triangle A’B’C’ is the image of triangle ABC under a dilation whose center is P and scale factor is three-fourths. Which figure correctly shows triangle A’B’C’ using the solid line? So pause this video and see if you can figure this out on you…
Dan Siroker at Startup School 2013
Thank you. Uh, I have the privilege of saying this is my sixth Startup School, uh, and, uh, the first time as a presenter. Today, I’m going to be sharing with you what I would have wanted to hear the first five times, uh, while I was sitting in your seat…
The Real Problem With AI ✨
Evil artificial intelligence might try to take over the world. You shouldn’t trust anything it says. Well, first, the AI would attempt to gain access to as many technological systems as possible. Then, it would study us, gathering data and identifying our…
A String of Shark Attacks in San Diego | When Sharks Attack
[Music] It’s just a really tight-knit ocean loving community. Uh, everybody generally has the same sort of healthy ocean lifestyle vibe. It’s what makes this area so unique. Scott Bass has called San Diego home for over 40 years. “I love living here; you…