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[h=1]Superfast Business Jet Moves Ahead[/h][h=2]Aerion lining up customers for $120 million plane that can cross the Atlantic in 4½ hours[/h]
Just how valuable is two hours and change to hurried corporate executives or the ultrarich? Aerospace executive Doug Nicholsreckons the answer could be pushing $120 million.
The former Boeing Co. executive spent seven years developing a supersonic business jet that aims to fill the void created when the Concorde quit flying in 2003. He is targeting those who absolutely need to fly from London to New York in 4½ hours rather than seven.
Aerion Corp., where Mr. Nichols is chief executive, has the most advanced of several similar projects. It recently secured orders for its planned 12-passenger AS2 jet. For the $120 million price, a buyer can go 4,750 nautical miles at up to 1.5 times the speed of sound.
Before it can achieve its goals of first flight in 2021 and service two years later, Aerion needs to overcome long-held skepticism among business-jet financiers and plane makers about the viability of supersonic jets and convince prospective buyers and regulators of their merits.
Just how valuable is two hours and change to hurried corporate executives or the ultrarich? Aerospace executive Doug Nicholsreckons the answer could be pushing $120 million.
The former Boeing Co. executive spent seven years developing a supersonic business jet that aims to fill the void created when the Concorde quit flying in 2003. He is targeting those who absolutely need to fly from London to New York in 4½ hours rather than seven.
Aerion Corp., where Mr. Nichols is chief executive, has the most advanced of several similar projects. It recently secured orders for its planned 12-passenger AS2 jet. For the $120 million price, a buyer can go 4,750 nautical miles at up to 1.5 times the speed of sound.
Before it can achieve its goals of first flight in 2021 and service two years later, Aerion needs to overcome long-held skepticism among business-jet financiers and plane makers about the viability of supersonic jets and convince prospective buyers and regulators of their merits.