Steve VarsanoFounder at The Jet Business

How has the corporate aviation industry changed?

Name: How has the corporate aviation industry changed?
Uploaded: 2024-06-13T20:26:52+00:00
Duration: 45 s
Channel: Steve Varsano
Description: The corporate jet market has exploded from a U.S.-focused business to a global one, with competitors growing roughly fiftyfold and aircraft options…

13 Jun 2024 · 1 min

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The corporate jet market has exploded from a U.S.-focused business to a global one, with competitors growing roughly fiftyfold and aircraft options multiplying. Communication shifted from telex to instant email and WhatsApp, speeding everything up. Despite more complexity and competition, the speaker is happier with the business now than before.

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Steve, how has the aviation industry changed since you first started selling jets? Wow, that's a long answer. There's a lot more competitors in the industry. The market really went international, where before it used to be mostly domestic in the United States. The choices of airplanes are just endless. The prices have gotten through the roof. My competitors is probably 50 times the competitors. I mean, it's just not the same industry. When I first started, we used to work on telex machines. I'm sure you don't even know what those are. And today everything is so quick, it's done instantaneously on emails and WhatsApp and everything like People just move so much quicker today. It doesn't even compare to what it used to be. And do you like it better then or now? Absolutely. I'm much happier with the way the business is now. Even though we've got a lot more competitors, it's much more complicated, but I'm much more satisfied with what we got today.