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
Warren Buffett: Buy These Inflation-Proof Businesses
Well, the businesses that will perform the best are the ones that require little capital investment to facilitate inflationary growth and that have strong positions that allow them to increase prices with inflation. And, well, those modest statements wer…
The HIDDEN COST of buying Real Estate…
What’s up you guys, it’s Graham here. So here’s a topic that very few people cover when it comes to buying or investing in real estate, myself included. I’ve been making videos for a year and a half now, and I have yet to cover this topic even though it’s…
Partial derivatives of vector fields
So let’s start thinking about partial derivatives of vector fields. A vector field, as a function, I’ll do—I’ll just do a two-dimensional example here—is going to be something that has a two-dimensional input, and then the output has the same number of di…
Trying out “ANIMEDORO”study method-New study technique(?)
What’s up? It’s me, Durie. Welcome back to my channel! I’m a first-year medical student here in Turkey, and today we’re talking about a new study method from Josh Chan called Anime. As always, everything that I mentioned will be timestamped down in the de…
Turning Hog Fat Into Candle Light | The Boonies
[Music] In the Ozark Mountains, Joe, Ray, and Leo have managed to trap a 200lb feral hog. They must work quickly to process the animal to ensure nothing goes to waste. “A lot of people might wonder why I’m not helping him. Sometimes it’s better with only…
Jamestown - life and labor in the Chesapeake
When last we left our English colonists at Jamestown, things were finally starting to go their way. Lord Delaware had successfully led English forces in their war of extinction against the nearby Algonquin Tribe, the Powhatans. John Rolfe had discovered t…