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
A String of Shark Attacks in San Diego | When Sharks Attack
[Music] It’s just a really tight-knit ocean loving community. Uh, everybody generally has the same sort of healthy ocean lifestyle vibe. It’s what makes this area so unique. Scott Bass has called San Diego home for over 40 years. “I love living here; you…
How to Make a Hero
[Music] Stanford University 1973, professor Philip Zimbardo conducts one of the most infamous experiments in the history of psychology, known as the Stanford Prison Experiment. This dark study of human behavior had student volunteers acting out the roles …
3 Mistakes You Make When You're Starting Out (& How to avoid them)
You know, some mistakes are almost unavoidable, especially when you’re just starting out on a new project or business. It takes a lot of trial and error to get to a point where most things you start manage to hit the spot on a consistent basis. These are …
Family living in the wild builds a sail to cross the bay | Home in the Wild
(Hudson cooing) TORI: Wesley’s being so quiet. JIM: I know. He’s being so good. TORI: If the kids aren’t crying, things are good. JIM: Yeah. We got a tailwind. It’s a paddler’s dream. TORI: Yeah, just my concern is just the wind past this point, basi…
Ancient Egypt | Early Civilizations | World History | Khan Academy
[Narrator] In this video, we are going to give ourselves an overview of ancient Egypt, which corresponds geographically pretty closely to the modern day state of Egypt in northeast Africa. Now, the central feature in both ancient Egypt and in modern Egypt…
The Best Ways The Rich Build a Recession-Proof Investment Portfolio
You know, Alexir, the rich come out almost unscathed during recessions. In fact, many come out in better shape than when the recession started. The world can shout about bailouts as loud as they want, but if you look deeper into it, you’ll see their growt…