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
Gordon Tries Fermented Fish | Gordon Ramsay: Uncharted
I’ve still got lots to learn, so I’m off to try a traditional Christmas dish that I hear tastes much better than it smells. Now trust me, I want to get the best of Christopher, and I’m up here to meet two guys who make this amazing delicacy that can only …
How High Can We Build?
Hey, Vsauce. Michael here. And when the pyramids of Giza were built, the tallest was 147 meters tall, making them the tallest things humans had ever built. And they remained that way for nearly 4,000 years. It wasn’t even until the 1300’s that we finally …
Order when multiplying commutative property of multiplication
In this video, we’re going to talk about one of the most important ideas in mathematics, and that’s whether order matters when you multiply two numbers. So, for example, is 3 times 4 the same thing as 4 times 3? Are these two things equal to each other? A…
Dr. David Anderson on supporting children's mental health during a crisis | Homeroom with Sal
From Khan Academy: Welcome to the Daily Homeroom live stream! For those of y’all that this is your first time, this is really just a way for us to stay connected during school closures. Obviously, Khan Academy has many resources for students, teachers, a…
15 Routines That Grow Your Mindset
It’s easy to spot a red car in traffic if you’re looking for a red car, and that’s similar to how your perspective on life works. If you’re not looking for something specific, you won’t see it, even when it’s right under your nose. That’s why people with …
The Strange Physics Principle That Shapes Reality
This is a video about a single simple rule that underpins all of physics, every principle, from classical mechanics to electromagnetism, from quantum theory to general relativity, right down to the ultimate constituents of matter, the fundamental particle…