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
Safari Live - Day 253 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. Well now, there are ways to start on an average safari, and then there are magical ways to start on a live safari, and an e…
“The US Economy is Collapsing Before Our Eyes” - Billionaire Sam Zell’s Economic Warning
When you think about, we added about 7 trillion to our debt in three years. Uh, this is, this is, you know, this is the Weimar Republic. And if the United States isn’t careful, they’re going to find themselves in the Weimar Republic. If we lose the U.S do…
How To Not Give A F*** | Stoic Exercises For Inner Peace
I’m not really into swearing on my channel, but I think that there’s no better contemporary expression for being indifferent towards what people think about you than the words: I don’t give a f***. The problem is that not giving a f*** isn’t always a goo…
Definite integral of rational function | AP Calculus AB | Khan Academy
So we want to evaluate the definite integral from -1 to 2 from 1 to -2 of 16 - x³ over x³ dx. Now, at first, this might seem daunting. I have this rational expression; I have x’s in the numerator and x’s in the denominator, but we just have to remember w…
Diver Discovers a Strange Vehicle in the Detroit River | Drain the Oceans
I’ve lived in this area my entire life. Right on the United States border. Just a half a mile across the river from Detroit. I’ve been a scuba diver and a diving instructor for over 25 years. I was a broke university student and it was the only place I co…
2015 AP Biology free response 8
An individual has lost the ability to activate B cells and mount a humoral immune response. Part A: Propose one direct consequence of the loss of B cell activity on the individual’s humoral immune response to the initial exposure to a bacterial pathogen.…