Aerion said that it could not raise enough capital to fund production of its new AS2 supersonic business jet.
The jet’s interior includes two private suites with VIP seats that can carry 31 passengers.
The commercial jet will be able to transport 50 passengers at speeds nearing 4,000 miles per hour.
The owner of the world’s largest fleet of business jets gave supersonic technology a big vote of confidence.
The future plane could cut long-haul flights in half.
The spaceship company enters the supersonic race with a jet that can carry up to 19 passengers.
The Boom XB-1 is not a prototype of the airliner-sized Overture, but it will perform testing of components that may be critical to the larger jet’s success.
Aerion’s AS2 is designed to cruise at more than 1,000 mph, but it could also become the most environmentally friendly business jet in its class.
Boom Supersonic announced that its XB-1 test program will use sustainable aviation fuels and carbon offsetting to achieve carbon neutrality.