Why did aerion shut down?

Why did aerion shut down?

Florida-based Aerion Supersonic is shutting down with immediate effect after failing to raise the further capital it needed to bring its supersonic business jet to market. “ASG is shocked, saddened and dismayed with the announcement by Aerion today.

Who owns Aerion Supersonic?

Robert Bass
Aerion Corporation was founded in 2003 by Texas billionaire Robert Bass as a startup working to commercialize supersonic aviation technology. The company began development on supersonic business jets in 2004.

How fast is the Aerion AS2?

The Aerion AS2 should supercruise at up to Mach 1.4 over a range of 5,000 nm (9,260 km).

Are there any supersonic private jets?

Aerion AS2 Facts The supersonic AS2 promises a range of 4,200 nautical miles at Mach 1.4, or over 1,000 miles per hour. Aerion says it has over $10 billion in orders for the AS2. List price is $120 million, and about half of the fast private jets are designated for jet sharing companies.

What is the AS2 aircraft?

The AS2 supersonic business jet is designed to fly at a maximum speed of Mach 1.6. It will cruise at speeds up to Mach 0.99 in geographical zones where supersonic flights are banned, and at speeds of Mach 1.1 to 1.2 above populated areas, without creating a sonic boom on the ground.

Who makes supersonic?

Boom Technology, Inc.
Boom Technology, Inc. (trade name Boom Supersonic) is an American company designing a Mach 1.7 (1,000 kn; 1,800 km/h), 55-passenger supersonic airliner. Named the Boom Overture, the airliner is planned to have a range of 4,250 nmi (7,870 km) and to be introduced in 2029.

Is Aerion going out of business?

Aerion Supersonic — the high-profile Melbourne company that envisioned building a futuristic commercial airliner flying at Mach 4 — will have its assets liquidated after it ran out of money.

Who is Tom vice?

Tom Vice, a three-decade veteran of Northrop Grumman (NYSE: NOC), has been appointed CEO of Sierra Nevada Corp.’s subsidiary that focuses on building space platforms for both the government and commercial sectors.

Did Aerion go out of business?

The firm announced the pending sale of Aerion’s assets on Wednesday morning. “The company ceased operations due to difficulties in raising capital to achieve the next steps in the manufacture and regulatory approval of the company’s supersonic aircraft, the Aerion AS2,” a DSI news release said.

How much is the Aerion supersonic jet?

For starters, Aerion, which started 17 years ago estimated its plane would be priced at $80 million apiece, more recently was estimating a selling price of $120 million. True, that’s less than the $270 million price tag of a Boeing 787, the $320 million price of an Airbus A350, or the $350 price of a Boeing 777.

What is the fastest private jet on the market?

Gulfstream G700
The fastest private jet in the world is the Gulfstream G700. This 19-passenger jet was unveiled in 2019. It dethrones all of its competitors with an ultra-spacious cabin and overpowered engines.

What is an Aerion SBJ?

Aerion SBJ. The Aerion SBJ was a concept for a supersonic business jet, designed by Aerion Corporation, an American aerospace firm based in Reno, Nevada. If produced, it would allow practical non-stop travel from Europe to North America and back within one business day.

What is a supersonic business jet?

The supersonic business jet is a redesigned version of the Aerion SBJ, announced by Aerion in 2004. The first flight of AS2 is expected in late 2018 or early 2019, and the aircraft is expected to receive certification in 2021. Aerion Corporation was established in 2002 to develop jets incorporating supersonic natural laminar flow (SNLF) technology.

What happened to Aerion Supersonic?

Aerion Supersonic, the Nevada-based company that planned to build business jets capable of silently flying nearly twice as fast as commercial aircraft, is shutting down, the company confirmed to CNBC on Friday.

What is Aerion AS2?

Aerion AS2 is the first business jet in the family of Supersonic Business Jets (SBJ), designed and manufactured by Aerion Corporation, an aeronautical engineering company headquartered in Reno, Nevada, US. The jet was announced in May 2014 during the 2014 European Business Aviation Convention and Exhibition (EBACE), held in Geneva, Switzerland.