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
Gettysburg
So we’ve been talking about the progress of the American Civil War, which started in early 1861 after the 11 states of the South, which were slave states, seceded from the Union and tried to establish an independent nation known as the Confederate States …
How AIs, like ChatGPT, Learn
On the internet, the algorithms are all around you. You are watching this video because an algorithm brought it to you (among others) to click, which you did, and the algorithm took note. When you open the TweetBook, the algorithm decides what you see. Wh…
Catch of the Week - On a Fin and a Prayer | Wicked Tuna: Outer Banks
[Music] Ready Freddie, ready! Setting them out this season, it’s all coming down to these last few days. We got one on our last trip out, so I’m hoping we can keep it going and grab a couple more. Hey, that’s a pretty mark! A good bite out of that. He—th…
YC Tech Talks: MMOs in the Instagram Era: Highrise (S18)
Um, hi everybody. I’m Jimmy. I’m the co-founder and CTO of Pocket Worlds, where Highrise is. We built Highrise, the app which is available on iOS and Android, and I think to date it has over 5 million downloads, and we’re grossing over a million a month i…
Warren Buffett: 90 Years of Wisdom Summed up in 16 Minutes
And yeah, Ben Franklin did this and my old boss Ben Graham did this at early ages in their young teens. They just—Ben Graham looked around and he said, “Who do I admire?” You know, and he wanted to be admired himself. He said, “You know, why do I admire t…
Ray Dalio’s BIG Warning of a Lost Decade for Investors (2022-2032)
Nowadays the structure of the markets and where everything is priced, um, if um and done the normal way, we’ll give you probably a return in the vicinity of, with a lot of risk around it, uh, maybe in the vicinity of four percent. Okay, three, three and t…