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
Buddhism | World History | Khan Academy
We’re now going to talk about one of the most significant figures in all of human history, and that is Sedara Gotha, who would later be known as Buddha, as the Awakened One or the Enlightened One. Now, before we get into his life, let’s think about the co…
Discovering Homo Naledi: Journey to Find a Human Ancestor, Part 3 | Nat Geo Live
Lee: Extraordinary people doing extraordinary things. By the end of a 21-day excavation, we had discovered the richest early Hominid site ever discovered in the history of the planet. This site is one mile away from the site of Sterkfontein. It’s less tha…
Latest Grand Seiko Watches Revealed | Watches and Wonders 2024
For accuracy for craftsmanship, Grand Seiko has for a long time beaten pretty well. [Music] Everybody, Grand Seiko has nine new pieces introducing them here at Washington Wonder Geneva 2024. Let’s get down into them because we’re going to see a complete s…
Linear vs. exponential growth: from data (example 2) | High School Math | Khan Academy
The temperature of a glass of warm water after it’s put in a freezer is represented by the following table. So we have time in minutes and then we have the corresponding temperature at different times in minutes. Which model for C of T, the temperature of…
First Fish of the Morning | Wicked Tuna: Outer Banks
I was dozing off. I was so comfortable last night. Oh yeah, the life foam down there, mother’s arm. Oh, it is. I know it is. When we stayed out here last night looking for a bite, now if we could get a bluefin tuna, we’d be closer to doing what we came do…
Pitch Practice with Paul Buchheit and Sam Altman at Startup School SV 2016
All right, so up next we’re going to do pitch practice. This is something that we invented by accident a couple of years ago. One of our speakers had to cancel at the last minute, so we just threw together this idea: let’s bring up some startups. This is …