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
Honest Q&A About My Relationship, Smoking, Marriage, and More
Hello, hello! Let’s do a little Q&A. I basically collected some questions on my Instagram story. If you’re not following me on Instagram, what are you doing? Okay, I promise I’m going to be more active. Okay, I say this like every single month, and th…
Top 10 Most Expensive Headphones In The World
Today we’re looking at the top 10 most expensive headphones in the world. Welcome to A Lux Calm, the place where future billionaires come to get inspired! Hey there, Alack Sirs, today is a great day to pump up the volume and listen up because we’re talki…
Are we about to see a DROP in Real Estate Prices?
What’s up you guys? It’s Graham here. So, it’s no surprise the economy is doing better; stocks are higher than ever, and real estate has been going up steadily since 2011. It’s also no surprise that much of that recent momentum was largely fueled by extre…
Rainwater Observatory
On a recent trip to rural Mississippi to see some friends of ours who had just had their second kid, my wife and I stumbled upon something pretty odd for a small town in Mississippi. Near the town of French Camp, just off the Natchez Trace Parkway, there’…
Photo Evidence: Glacier National Park Is Melting Away | National Geographic
All the glaciers are shrinking. In the 1800s, they were estimated to be about 150 glaciers here; however, today we only have 25 glaciers. The glaciers are measured by a number of different ways. One of the most obvious ones is using repeat photography, wh…
Tigers 101 | National Geographic
With their signature orange fur and black stripes, tigers have become icons of beauty, power, and the importance of conservation. Tigers have evolved into six subspecies. The tiger’s tale of evolution can be traced back to about two million years ago when…