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
Newton's second law | Physics | Khan Academy
Today in the gym, when my wife was doing dumbbell curls, I started wondering. See, she’s putting a force on that dumbbell upwards, right? But does that force stay constant as she moves the dumbbell up, or not? Does it change? And if it does change, how do…
You'll NEVER want to be SMART ever again: Schopenhauer's Secret
Ruling over others is an art, and many philosophers have offered different ways to master it. However, the German philosopher Arthur Schopenhauer suggested a unique approach: playing dumb. You can achieve success and be labeled as an arrogant person, but …
LearnStorm Growth Mindset: Dancer on his career journey
My name is Michael Novak. I’m 34 years old, and I’m a dancer with the Paul Taylor Dance Company in New York City. I have what I call “the recipe,” which is something that I’ve built over a number of years of dancing. The first is a cross-training program…
Joe Rogan brutally rejects Kamala Harris’s list of demands to appear on his podcast
The world’s biggest podcast host, Joe Rogan, has exposed a list of Kamala Harris’s demands in order to appear on his show. Following the hugely successful podcast interview between Joe Rogan and Republican Presidential nominee Donald Trump, which was view…
15 Truths about Success You Wish Someone Told You Sooner
The most expensive cost in life is the unseen price that you pay on the information you don’t have. Some people spend decades figuring things out and wishing they would have found the answers sooner, and this video allows you to bypass all of that. Here a…
One-Child Policy | Original Sin: Sex
In a push to strengthen civilized behavior in 2016, the Chinese government bans Internet videos of women eating bananas erratically. Putting the brakes on sexualized bananas is a mild restriction compared to China’s most notorious anti-sex regulation. Wom…