In a shocking turn of events, Aerion Supersonic announced on May 21 that is shutting down. The Florida-based supersonic business jet developer called it quits, unable to secure the capital needed for its upcoming projects. Unable to sustain in the “current financial environment”, Aerion Supersonic stated that it was going through the “appropriate steps”.
Despite support from industry giants like General Electric (GE) and Boeing, Aerion Supersonic was unable to secure sufficient funding to continue with its innovative and creative work. The entire industry was suffering in the past year, especially Boeing, with the grounding of recertification of its notorious 737 Max.
Aerion Supersonic’s ambitious projects…
Just a couple of months ago, Aerion Supersonic revealed a glimpse of its new aircraft, the AS3, a 50-seat commercial airliner designed to travel at Mach 4+, beyond supersonic speed.
The AS2, Aerion Supersonic’s upcoming star, was also projected to start production in 2023, fly by 2024, and enter service by 2026. The AS2 was set to operate at Mach 1.4, and reach a range of 4’200 nm, equivalent to 7’778 km. Aerion Supersonic designed the AS2 to operate on 100% sustainable fuels. Conceptualized with sustainability in mind, the AS2 was set to deliver a net carbon reduction of 80 percent!
Aerion Supersonic’s closure marks a step backward in supersonic air travel. Will supersonic air travel witness light of day any time soon?
Boom Supersonic, apparently, is still developing Overture, a USD 200 million supersonic airliner that will make air travel faster and more sustainable. Boom Supersonic predicts that Overture will begin commercial flights by 2029. In a press release on March 4, Boom announced that American Express ventures made a strategic investment in Boom Supersonic. In a statement, the CEO of Boom Supersonic stated that the year 2021 is pivotal for Boom, as it prepares to fly the supersonic demonstrator XB-1 or baby boom, and accelerates the development of Overture.