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
2015 AP Physics 1 free response 3a
A block is initially at position x equals zero and in contact with an uncompressed spring of negligible mass. The block is pushed back along a frictionless surface from position x equals zero to x equals negative d, as shown above, compressing the spring …
An announcement from Khan Academy
Hi, I’m Sal Khan, founder of the not-for-profit Khan Academy, and I have some very exciting news. The data is in from our first year of the partnership between us and the College Board around KH Academy being the official practice for the SAT. What we’re…
Graphing exponential functions | Mathematics III | High School Math | Khan Academy
We’re told to use the interactive graph below to sketch a graph of ( y = -2 \cdot 3^x + 5 ). And so this is clearly an exponential function right over here. Let’s think about the behavior as ( x ) changes. When ( x ) is very negative or when ( x ) is ver…
Accounting profit vs economic profit | APⓇ Microeconomics | Khan Academy
Let’s continue thinking about how rational agents make decisions. So here, we’re told that Sally runs a business that only sells hamburgers in a building she owns. Every month, they sell 5,000 hamburgers at five dollars per hamburger. She spends two dolla…
Wolf Pack Takes on a Polar Bear - Ep. 1 | Wildlife: The Big Freeze
You can go days without food, traverse unimaginable distances, endure relentless blizzards. But if you’re a wolf on the edge of the Arctic, up against the biggest predator, there’s one thing you can’t do without… (dramatic music) The pack. (dramatic music…
Kevin O'Leary's Predictions for 2022: Are we ready for what's coming next year?
[Music] He is the chairman of O’Leary Financial Group. He is a Shark Tank investor. He is a friend of the show. Mr. Wonderful is back to give us his, uh, I guess wrap up on what has been a pretty impressive year to say the least. Kevin will have, uh, you …