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
Just Let Go | The Philosophy of Fight Club
Life is short. It’s ending one minute at a time. Why waste it on fulfilling other people’s expectations? This is just one of those questions presented in a novel written by Chuck Palahniuk named Fight Club. The film version of Fight Club, directed by Dav…
5 Brutal Truths Men Need to Accept to Live Their Best Lives
Mr. Wonderful here. In this video, I’m going to share the brutal truths you need to accept to live your best life. Number one: your appearance. How you look, how other people see you. You should start worrying about your appearance when you’re in your ea…
When Does Healthy Fitness Become Unhealthy? The Dark Side of Teen Bodybuilding #Shorts
The gym has been a sort of therapy for me, and when I go there, I can turn the world off for an hour or two and just focus on pushing the weight. Going to the gym regularly also teaches discipline, hard work, consistency, and perseverance, all of which ca…
Relating unit rate to slope in graphs of proportional relationships | Grade 8 (TX) | Khan Academy
A farmer sold 26 kg of tomatoes for $78. Which graph has a slope that represents the cost of tomatoes in dollars per kilogram? Pause this video, work through this on your own before we do this together. So, if we’re thinking about slope, slope is all ab…
We Explain the Seen in Terms of the Unseen
Now people might object at this point and go, “How dare you invoke in science things that cannot be seen, things that cannot be observed? This is completely antagonistic towards the scientific method!” Surely, and I’ll say to anyone who’s thinking that r…
Light Painting (while pregnant) - Smarter Every Day 41
Hey, it’s me Destin. Welcome to Smarter Every Day. So, most women get pregnancy photos and then a couple of months later look at them and say, “What the heck was I thinking?” But I’ve decided to bring my wife here to a spooky abandoned warehouse. Yeah, it…