A supersonic jet startup just landed a $10 million investment from Japan Airlines

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boom supersonic jet
Boom
Supersonic hopes to cut the flight time from New York to London
to just three hours and fifteen minutes..

Boom


  • Japan Airlines will invest $10 million in US supersonic
    flight startup Boom Supersonic.
  • Boom says its flights will be faster, cheaper, and
    quieter than the
    Concorde
    , which operated supersonic flights until
    2003.
  • Boom now has 76 pre-orders for a plane it hopes to use
    for commercial flights by the mid-2020s.

Denver-based startup Boom Supersonic has won a $10 million
investment from Japan Airlines in its push to build a supersonic
passenger aircraft it claims will be faster, quieter and more
affordable to fly than the Concorde.

Boom has 76 pre-orders for a 55-seat plane that it says will be
able to slash the flight time from New York to London in just
three hours and fifteen minutes.

The firm has said its jetliner, expected to enter service by the
mid-2020s, will fly at speeds of Mach 2.2, 10 percent faster than
the British-French joint-venture Concorde, which popularized
supersonic jet travel in the 1970s.

Japan’s second-largest airline has the option to purchase up to
20 Boom aircraft and will assist efforts to hone the aircraft’s
design and passenger experience, the companies said on Tuesday.

It is the first commercial airline to back the venture with
investment. Virgin Atlantic is among airlines to have placed
pre-orders with Boom, 14 years after the final flight of the
Concorde, to date the world’s fastest passenger airplane.

Industry figures are still debating whether regular supersonic
flights, banned over the United States in 1973 by the Federal
Aviation Administration, are feasible around modern cities due to
the shock waves from the sonic booms the planes create.

Boom says its aircraft, priced at $200 million, will produce a
sonic boom at least 30 times quieter than the Concorde, which was
also dogged by high operating costs and fuel consumption and low
capacity utilization.

Boom estimates that fares for its aircraft would be 75 percent
lower than the Concorde and comparable to current business class
tickets, due to better fuel efficiency.

General Electric, Honeywell International and Netherlands-based
TenCate Advanced Composites are among suppliers for Boom’s
supersonic jets.

It has raised $51 million in backing so far from venture capital
firms 8VC, RRE, Lightbank, Y Combinator and Caffeinated Capital,
as well as angel investors including Sam Altman, Paul Graham and
Greg McAdoo.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Saumyadeb
Chakrabarty)

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