Business
Boeing-backed Aerion supersonic private jet maker collapses – Executive Traveller
Sky-high dreams dashed by economic reality as Aerion’s supersonic private jet fails to make the leap from drawing board to runway.
Aerion, the supersonic-jet developer founded by Texas billionaire Robert Bass and backed by Boeing, said its ceasing operations after failing to secure enough money to start building the aircraft.
Raising the large investment needed to move the AS2 private jet from design to production has been hugely challenging, Aerion said in an emailed statement Friday.
The company had said in March that output of the first planes would start in 2023 at a factory in Florida, with the first commercial delivery…
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