The dream of supersonic passenger flight hits turbulence
CNN
With the news that supersonic planemaker Aerion has unexpectedly folded, is the dream of a successor to Concorde running out of fuel?
(CNN) — The long-held dream of a successor to Concorde just got a little farther away as one of the major contenders in the race to build a supersonic passenger jet appears to have run out of financial fuel. Aerion, based in Reno, Nevada, had been developing the AS2 (pictured top), an 8-12 passenger business jet capable of flying at 1,000 mph. However, the company announced on May 21 that "in the current financial environment, it has proven hugely challenging to close on the scheduled and necessary large new capital requirements to finalize the transition of the AS2 into production." It added that, "Given these conditions the Aerion Corporation is now taking the appropriate steps in consideration of this ongoing financial environment."
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