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
Example of one sides unbounded limits
We’re asked to select the correct description. It looks like all the descriptions deal with what is the limit of f of x as we approach six from either the right-hand side or from the left-hand side. So let’s think about that. First, let me just do the le…
Division in context examples
We are asked which problem can we solve with 42 divided by seven, and they explain three different scenarios. Here, we need to pick one of them, so pause this video and have a go at it before we work through it together. All right, now let’s work through…
The Simplest Math Problem No One Can Solve - Collatz Conjecture
This is the most dangerous problem in mathematics, one that young mathematicians are warned not to waste their time on. It’s a simple conjecture that not even the world’s best mathematicians have been able to solve. Paul Erdos, a famous mathematician, sai…
Walking Alone in the Wilderness: A Story of Survival (Part 1) | Nat Geo Live
One day I was sitting in Australia, in a desert. The land was red. I was next to an old man. An old Aboriginal man. And after we gaze at the horizon, after a few minutes, he looks at me and he said, “Hey little one. You be careful.” And I look at him a bi…
Charlie Munger: How to Invest
Charlie Munger is without a doubt one of the most respected names in the value investing world. He’s been Buffett’s right hand man for many decades and still serves as the vice chairman of Berkshire Hathaway at 99 years old. But as many of you may know, h…
Collective | Vocabulary | Khan Academy
It’s time to come together, wordsmiths! The word we’ll go through in this video is “collective.” Collective is an adjective; it means something done together by everyone in a group. Like, we made a collective decision that slugs should be our mascot. We …