‚Pimping’ Your Private Plane
Executives who travel overseas to meet clients have several options at their disposal. They could fly business class with an established airline, gathering mile-points on the way. But what high-level management craves is a private jet to shuttle important employees to and from their destinations in far-flung corners of the continent.
However few are happy with run-of-the-mill interiors, and want to personalise their craft, so that they are in the lap of luxury 10,000 feet in the air!
Bloomberg News recently caught up with one company dealing with bespoke customisations of private jets.
Watch the video, and answer the questions below:
Video courtesy of Bloomberg News
Questions:
1) What can the company do at their headquarters?
2) How much of the company’s revenue comes from servicing military planes?
3) Why does Mr Whitney say the military business is becoming more competitive?
4) How much does a used Cessna plane cost?
Answers:
1. They can do all of the steps required for customisation: from the design, the procurement, and then the fit.
2. 80% of their business comes from servicing military planes.
3. Military customers “drive for more value for money,” and lots of military budget is being cut, Mr Whitney said.
4. A used Cessna plane like the one in the video would cost $2 million.