Despite $11.2 billion worth of orders, and partners like Boeing, General Electric and Berkshire Hathaway, Aerion says it still couldn’t raise enough money to head into production “in the current financial environment,” according to a Flying magazine shared by schwit1:
The Aerion SST — the most promising effort in years to represent the next step in supersonic travel since the demise of the Anglo-French Concorde — has reached the end of the line after the company said it had run short of cash. The Reno, Nevada-based aircraft builder said Friday it is closing its doors for good according to a story in Florida Today…
In March 2021, NetJets offered Aerion a vote of confidence by ordering 20 of the SSTs as well as agreeing to become the exclusive fractional business jet operator for the new aircraft. Each AS2 was priced at $120 million in today’s dollars.
of this story at Slashdot.
Source:: Slashdot