American Airlines will buy 20 supersonic planes from Boom.
Recently, commercial air carrier American Airlines and supersonic aircraft manufacturer Boom Supersonic announced jointly that American had put down a deposit for 20 of Boom’s Overture supersonic aircraft. This is only the second preorder Boom has received in its lifespan, with the first one being an order for 15 Overtures by United Airlines last year.
American Airlines places deposit on 20 supersonic planes https://t.co/vk7fAksvoi pic.twitter.com/j4PsMNXfpx
— The Hill (@thehill) August 16, 2022
“Passengers want flights that are faster, more convenient, more sustainable and that’s what Overture delivers,” Boom CEO Blake Scholl told CNBC. “Flight times can be as little as half as what we have today, and that works great in networks like American where we can fly Miami to London in less than five hours.”
According to Boom, their Overture aircraft will be capable of Mach 1.7 flight, roughly 1,304 mph. That kind of speed would be enough to cut a transcontinental flight nearly in half. The planes will carry up to 80 passengers, and are slated to run on Boom’s on proprietary low-emission jet fuel.
American Airlines placed a firm order for 20 Overture jets from Boom Supersonic, gambling that a market will emerge for a new generation of sleek aircraft that can cut trans-Atlantic travel times by half https://t.co/71J9n958ok
— Bloomberg (@business) August 16, 2022
“Supersonic travel will be an important part of our ability to deliver for our customers,” American’s chief financial officer, Derek Kerr, said in a statement.
The first Overture aircraft is projected to finish construction in 2025, followed by test flights in 2026. Assuming no major roadblocks, Boom could start mass-producing and delivering the Overtures by 2030, and if American likes the vessels, they’ll have a reserved spot to immediately purchase another 40 of them.
-
Prices dropped in Venezuela, Indonesia, Ecuador, Thailand, and more. Netflix has recently been feeling a major financial squeeze as...
-
The Rochester Regional Joint Board of Workers United filed a formal complaint against Tesla. Earlier this week, a group...
-
Uber is making a comeback from pandemic-era losses. This week, prominent ridesharing company Uber reported their earnings for the...
-
A strong Q4 report and new investments have GM on the right track. This morning, the largest automotive company...
-
The deal is rumored to amount to around $10 billion. This morning, Microsoft announced the latest development in its...
-
Cook’s target pay package will be dropped to $49 million. Tech giant Apple announced today that its CEO, Tim...
-
Even Amazon isn’t immune to the worsening economy. As the global economy remains in the grips of inflation and...
-
Economic woes are affecting the highest echelons of wealth. According to recent statistics released by Forbes, the world’s wealthiest...
-
The bank was fined for “widespread mismanagement” and “illegal activity,” according to the CFPB. Today, financial regulators from the...
-
Store employees are worried layoffs may follow a merger. Recently, two of the largest grocery supermarket chains in the...
-
Despite ongoing concerns, the US job market is moving in the right direction. The United States economy is still...
-
Shareholders have accused Musk of enriching himself to the company’s detriment. In the midst of his ongoing revamp of...