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
Butchering a Goat in Africa - Smarter Every Day 34
Hey, it’s me Destin. Welcome to Smarter Every Day. So, this video contains real world stuff, so no little eyes or no little ears. When my sister cooks in Africa, she can’t do what I just did. She can’t go to the fridge and just pull out a pound of ground …
In Search of Healthy Masculinity
As a man, what is your place in the modern world? Qualities usually associated with being masculine don’t seem to have a lot of value anymore. Strength is rarely necessary. Hiding emotions isn’t appreciated and can even be considered unhealthy. Self-relia…
Charitable giving | Financial goals | Financial Literacy | Khan Academy
So let’s talk a little bit about charitable giving, and this one is close to my heart because I run a non-profit. Why do folks donate to charity? Well, you might have your own motivations. For most folks, I think it just feels good. They might feel that …
Sitting Down with the MEK | Uncensored with Michael Ware
MICHAEL WARE: For the people who don’t know, what’s the goal of your movement? MOHAMMAD: The goal of– [laughing] [all laughing] It’s obvious that the goal of our movement is to overthrow the regime and bring about a democratic, pluralistic, secular, uh– …
How to stay safe online shopping
So Kelly, you know we all shop online, but there’s some sites that you know and you use a lot, and they usually already have your credit card stored, and I use those. But every now and then, I buy things from sites that I might not be as familiar with. An…
The best AI founders in the world are moving here
Why was San Francisco so definitively the center of the tech industry? Why did it all like agglomerate here? San Francisco is the place in the world where you can manufacture luck. Within a month of us moving in, they launched Twitter. I was like, “Wow, t…