Published: Wed, December 06, 2017
Money | By Armando Alvarado

'New Concorde' startup gets $14 million backing from Japan Airlines

'New Concorde' startup gets $14 million backing from Japan Airlines

The Japanese airline company will also have the option to buy up to 20 Boom aircraft through a pre-order arrangement.

Boom says its 50-passenger, Mach 2.2 design will reduce typical NY to London flight times to just over three hours.

Branson has the rights to the first 10 Boom aircraft produced.

While new and advanced technologies are changing our lives significantly, flight times for air travel have stayed relatively constant. "Think about the trips not taken because when you add up the lost hours, the trip just doesn't feel worth it", he said at the Dubai Airshow last month.

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Boom Supersonic had been secretly working with JAL for more than a year to understand more about the dynamics of commercial flight operations, founder and chief executive officer Blake Scholl said. 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.

Boom Technology Inc., based at Centennial Airport in Arapahoe County, and Tokyo-based Japan Airlines announced Tuesday that JAL is investing $10 million in Boom, will consult with the company about aircraft design and has the option to order 20 of Boom's ultra-fast jets in the future. We're thrilled to be working with JAL to develop a reliable, easily-maintained aircraft that will provide revolutionary speed to passengers. "Through this partnership, we hope to contribute to the future of supersonic travel with the intent of providing more time to our valued passengers while emphasizing flight safety". "Our goal is to develop an airliner that will be a great addition to any worldwide airline's fleet".

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.

And with so many flyers yearning for the return of the days of the Concorde, Boom will certainly see the excitement from fans both young and old, all of them mesmerized by the premise of rocketing across the sky at over twice the speed of sound.

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