Is Aerion going out of business?

Aerion Supersonic is shutting down, the company confirmed to CNBC. “In the current financial environment, it has proven hugely challenging to close on the scheduled and necessary large new capital requirements” to begin production of its AS2 supersonic jet, the company said in a statement.

Why did Aerion shut down?

Florida-based Aerion Supersonic is shutting down with immediate effect after failing to raise the further capital it needed to bring its supersonic business jet to market.

What happened Aerion?

Aerion Corporation shocked the aviation world when on the evening of May 21 the company confirmed it had ceased operations. The company had decided on a final design that had been proved out in wind tunnel tests, and dozens of patents had been secured.

Who owns Aerion Supersonic?

Robert Bass
Aerion Corporation was founded in 2003 by Texas billionaire Robert Bass as a startup working to commercialize supersonic aviation technology. The company began development on supersonic business jets in 2004.

Is the Aerion AS2 a supersonic business jet?

The Aerion AS2 is a supersonic business jet under development by Aerion Corporation. It was announced in May 2014 as a larger Aerion SBJ redesign, targeting introduction after a seven years development.

When is the Aerion AS2 going to be certified?

The race towards hyper-speed: The AS2, expected to be certified in 2026, is one of several supersonic business jets that could be flying in the next five years. Aerion “AS2 will be the first privately built supersonic business aircraft ever,” Tom Vice, Aerion Chairman and CEO, told Robb Report in an interview.

Why did Aerion corp.shut down their business?

Aerion Corp. today ceased operations, citing a lack of available financing for its plans to bring a family of supersonic aircraft to market.

Which is the longest running supersonic business jet?

Boom Supersonic plans to fly its two-crew XB-1 “Baby Boom ” demonstrator, one third the scale of its final Overture aircraft, by the end of this year. The longest-running player is Aerion Corp ., which has been touting the time advantages of its supersonic business jets since 2004.