50 SKY SHADES - World aviation news

Strategic American Express Ventures investment in Boom Supersonic

Download: Printable PDF Date: 05 Mar 2021 11:22 (UTC) categories:
Publisher:
Strategic American Express Ventures investment in Boom Supersonic - Finance publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

Boom Supersonic announced a strategic investment from American Express Ventures. The funds will support the continued development of Boom's flagship product, the supersonic airliner Overture. Overture is Boom's 65- to 88-seat supersonic airliner, capable of running on 100% sustainable aviation fuel. The supersonic aircraft is slated to roll out in 2025 and begin commercial flights by 2029. Built on the core principles of speed, safety and sustainability, Overture will fly twice as fast as conventional jets over more than 500 transoceanic routes worldwide. Boom currently has $6 billion in pre-orders of Overture aircraft.

"We're proud that Amex Ventures shares our commitment to making the world more accessible by bringing sustainable supersonic travel to passengers everywhere," said Blake Scholl, Boom founder and CEO. "2021 is a pivotal year for Boom. As we prepare to fly our supersonic demonstrator, XB-1, we are also accelerating Overture development."

"Boom is building a supersonic passenger aircraft that will make travel faster and more sustainable," said Harshul Sanghi, Global Head of Amex Ventures. "Travel has been a key part of American Express' heritage and it remains an integral part of our Card Members' lifestyles. We are excited to support Boom's development and invest in the future of travel."

Last October, Boom unveiled XB-1, the world's first independently developed supersonic jet, and a precursor to Overture. XB-1's first flight will be 100% carbon-neutral, and is slated to take place this year in Mojave, California.



Loading comments for Strategic American Express Ventures investment in Boom Supersonic...


Recommended

Skyports partners with MassDOT to land its drone services in Massachusetts, USA

Skyports has partnered with the Massachusetts Department of Transportation’s (MassDOT) Aeronautics Division to demonstrate how its drone services could link communities across the Cape Cod...

Successful factory acceptance test for the Airliner for the Airports Authority of India

The first of three Airliners being supplied to the Airports Authority of India (AAI) has successfully passed its Factory Acceptance Test (FAT) at Alsim’s manufacturing facility in Nantes on Frid...

Ascendance Flight Technologies unveils design of ATEA hybrid-electric aircraft

Ascendance Flight Technologies builds on the virtues of hybrid technology and distributed propulsion to develop sustainable air travel solutions. After three years of R&D, the French start-up comp...

Sabena Technics recruits and trains 40 aerospace painters

In a sector, which is heavily impacted by the Covid-19 crisis, Sabena Technics site in Toulouse, specializing in aircraft painting, is encountering, like many, difficulties in recruiting with the trad...