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
Saving wisely: Emergency funds | Budgeting & saving | Financial Literacy | Khan Academy
In life, there are things that we expect, and there’s other things that we don’t expect. When we think about it from a finance point of view, the things that we might expect is, okay, we’re going to get a regular paycheck because of our work, and we’re go…
Take Accountability to Earn Equity
Accountability is important because that’s how you’re going to get leverage. That’s how you’re going to get credibility. It’s also how you’re going to get equity. You’re gonna get a piece of the business when you’re negotiating with other people. Ultimat…
Worked example: Calculating molar mass and number of moles | AP Chemistry | Khan Academy
We are asked to calculate the number of moles in a 1.52 kilogram sample of glucose. So, like always, pause this video and try to figure this out on your own. This periodic table of elements will prove useful. All right. Now, if we’re trying to figure out…
Angular velocity graphs due to multiple torques
A disc is initially rotating clockwise around a fixed axis with angular speed omega naught. At time t equals 0, the two forces, F₁ is equal to 20 newtons and F₂ is equal to 10 newtons, are exerted on the disk as shown in the figure below. So these are the…
Car insurance basics | Insurance | Financial Literacy | Khan Academy
So cars are something that usually involves some type of insurance. One, cars are a pretty expensive asset that many of us own. The other issue is cars are driving around pretty fast, and they can actually cause a lot of damage to property or to people. …
See 3 Lions Get a Brand New Home in the Wild | Short Film Showcase
[Music] Lyonne are dwindling in number in wild areas and there’s not many more landscapes left available for them to expand into. They are persecuted wherever they go. It becomes important then to look after the populations that you’ve got. Wine cereal, …