Finance

Betting on the Future: Boom Supersonic Gets a New Investor

Betting on the Future: Boom Supersonic Gets a New Investor

The next aircraft of the future. Yet while NIMBYs may have cheered its final departure, the time-poor transatlantic traveller still misses that three-hour London-to-New-York travel time. Flights where the passengers will pay no more than $5,000.

An artist's impression of the Boom Supersonic aircraft.

The iconic plane flew regularly between Europe and NY for 27 years but was withdrawn from service because of high costs. 'Concorde's designers didn't have the technology for affordable supersonic travel, but now we do'.

Sir Richard Branson's Virgin Atlantic has an option for 10 of the aircraft, while Virgin Galactic, the company's space-travel wing, will be involved in the testing process.

Boom, whose suppliers include General Electric Co, Honeywell International Inc and Netherlands-based TenCate Advanced Composites, has reportedly received 76 pre-orders from airlines, excluding the option of up to 20 aircraft from Japan Airlines.

He added: "Their decades of experience as a world-class operator, expertise in everything from passenger experience, to safety, to technical operations will help us build an airliner not just with marquee speed, but also with the practicality required to truly change the way millions travel".

Chester Bennington's autopsy reveals details about his final moments
All proceeds from the show were donated to Music for Relief's One More Light Fund, which was established in memory of Bennington. In September, Bennington's widow Talinda posted one of the very last images of him alive to raise awareness of depression.

"Our goal is to develop an airliner that will be a great addition to any global airline's fleet", Scholl said.

"We are very proud to be working with Boom on the possible advancement in the commercial aviation industry".

Japan Airlines (JAL) has signalled its interest in supersonic flight through a partnership with Boom Supersonic.

As part of the agreement, JAL has made a strategic investment of $10m in Boom and is providing its knowledge and experience as an airline to support Boom in developing the aircraft. However, with the announcement of its second high-profile probable customer, Boom is optimistic that they are poised for a breakout, even if flights across the USA will not be an option for operators of the aircraft.

Denver-based Boom is developing a 55-seat passenger plane, created to fly at Mach 2.2, over twice the speed of sound, and slightly faster than the only previous supersonic airliner to enter widespread commercial service, Concorde.