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
Peter Lynch: The Secret to “Buying the Dip"
Anyone that’s been following this channel knows that I’m a huge fan of Peter Lynch. Lynch rose to prominence running the legendary Fidelity Magellan Fund and writing books such as “One Up on Wall Street,” one of my top five favorite investment books of al…
This Is Why You Don't Actually Learn From Failure
Most people will tell you that failure is a part of the process and you should learn from your mistakes. But here’s the simple honest reality: most people don’t actually learn from their mistakes, and that’s because their ego stops them from learning. In …
Can Our Universe Destroy Itself? #shorts
Can our universe destroy itself? Everything in the universe strives to be in the most stable state possible. For example, a ball on top of a hill is in an unstable state. When pushed, it will roll downhill, lose its potential energy, and end up in a stabl…
House Hack: How to live FOR FREE by investing in multifamily real estate
What’s up you guys, it’s Graham here. So, as your real estate agent and real estate investor, I’m going to be sharing with you guys exactly how you can cover all of your housing expenses and essentially live for free without ever having to pay rent or com…
How to Think Clearly | The Philosophy of Marcus Aurelius
Almost everyone thinks they are a good thinker, but in reality, few people really are. A truly great thinker is constantly growing and evolving, so take a look around you: how many people do you see moving forward in life? How many people do you see solvi…
Does it really matter what browser I choose?
So Kelly, we have several different options on what type of browser we use. Does it matter from a safety and privacy point of view? Yeah, there are a couple factors that you might wanna think about that make a browser potentially safer. So one thing that…