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Aerion’s supersonic plans end with a whimper rather than a boom

Supersonic jet contender Aerion Corp is folding after failing  to secure funding for its ambitious business aircraft.

The Nevada-based company, which had been backed by Boeing,  confirmed on Friday that it was abandoning plans to build a business jet that could fly faster than the speed of sound. It had previously put back the proposed launch date.

“In the current financial environment, it has proven hugely challenging to close on the scheduled and necessary large capital requirements,’’ the company said in a statement.

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“Aerion Corporation is now taking the appropriate steps in consideration of read more ⇒

Source:: AirlineRatings.Com

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