Through experiences and close cases, the companies are gaining insight into the real challenges involved in building quiet supersonic jets. The announcement of Aerion Supersonic's sudden closure came from both Florida Today and CNBC.
The business initiative that was to transform itself into a manufacturer of silent supersonic commercial aircraft justified its decision on the grounds that it had encountered problems in raising finance in the 'current financial environment' and was therefore taking 'appropriate action' in light of the present context.
The company had focused its sights on the AS2, heralded as the first private supersonic jet project. The aircraft was designed to fly at speeds above 1,000 MPH without the sonic booms and cabin noise that plagued aircraft like the Concorde. The jet was expected to fly in 2024 and enter service in 2026.
Aerion had several prominent partners including Boeing and GE, and received praise from Florida's governor when he unveiled plans to build a plant at Orlando Melbourne International Airport.
For now, Aerion has not yet advanced any information regarding the future of the company's assets after the shutdown. The company's last statements date back to April.
This isn't the end of private supersonic air travel. Boom Supersonic is still developing its Ouverture commercial aircraft with the hope of carrying passengers starting in 2029.
However, this is not a surprising result either. Typically, the aircraft-building project is expensive, and in this particular case it becomes even more costly given the use of cutting-edge technologies. According to Aerion, four billion US dollars would be required to develop the AS2.
Although the Covid-19 pandemic seems to be waning, air travel still does not appear to be a safe investment air, taking into account the reluctance of passengers themselves to travel but also the growth of telecommuting, a bet that many companies are making.