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
Adding decimals with ones, tenths and hundredths
Let’s do some more involved examples using decimals. So, let’s say we want to add four and 22 hundredths to 61 and 37 hundredths. Like always, I encourage you to pause the video and try to figure it out on your own. Well, the way that my brain tries to …
Let's Buy a Car! | Teacher Resources | Financial Literacy | Khan Academy
[Music] Con Academy financial literacy theater proudly presents the purchase. This is Wall-E. Say hi to the people, Wall-E. Hi to the people, Wall-E! Wally is about to buy a car from a dealership. Oh boy! Unfortunately for Wally, he is the world’s mo…
Watches You Buy As You Get Richer
As you get richer, things change, right? Including how you spend your time, but also how you look at the time. Ever wonder what your watch says about you and your bank account? Well, from the first costume you buy with your allowance to the Rolex you flau…
How I Manage My Time To Make Over $1 MillIon Per Year
What’s up you guys? It’s Graham here! So, the last year, a lot has happened. This channel grew from 200,000 subscribers to now over 1 million subscribers! I also started a second channel, which posts an additional four times a week. I’m also still sellin…
What If We Detonated All Nuclear Bombs at Once?
Many of our viewers have asked us a very serious question: What if we made a big pile of bombs and exploded every nuclear weapon in the world all at once? Strangely enough, we couldn’t find a good source to answer this question to our satisfaction. So, we…
Negative definite integrals | Integration and accumulation of change | AP Calculus AB | Khan Academy
We’ve already thought about what a definite integral means. If I’m taking the definite integral from ( a ) to ( b ) of ( f(x) \, dx ), I can just view that as the area below my function ( f ). So, if this is my y-axis, this is my x-axis, and ( y ) is equ…