Courtesy Aerion
Aerion supersonic concept craft
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.”

Courtesy Aerion
US planemaker Aerion was building a new global HQ and campus in Florida for production of its supersonic AS2 business jet.

It’s a colossal disappointment to business travelers who had hoped to fly supersonically in the near future. What makes it all so shocking is that the AS2 was already at an advanced phase of development, having recently concluded high-speed wind tunnel testing, clocking up hundreds of flight hours – the equivalent of 78,000 nautical miles flown – at the ONERA French aerospace testing lab in Modane, France.

The AS2’s development was conceived of as a totally carbon-neutral endeavor, whereby Aerion used digital modeling techniques to save fuel and “negate the need for costly demonstrator aircraft and accelerate the program to the final stages of validation ahead of production.” Actual manufacture had been slated for 2023, with a plan to build 300 airplanes within a decade.

The AS2, said Aerion in an official statement, “meets all market, technical, regulatory and sustainability requirements, and the market for a new supersonic segment of general aviation has been validated with $11.2 billion in sales backlog.” The company also had the backing of Boeing – although the United States’ biggest planemaker currently has its own challenges to deal with, not least its 737 MAX woes.

As recently as this January CNN Travel reported on the roll out of Aerion’s new clean energy HQ, Aerion Park in Florida, designed to combine the company’s operations with a campus for research, design, build and maintenance of the company’s aircraft.

Courtesy Aerion
Ambitious plans for the Aerion AS3 were revealed in March 2021.

A setback for the jet set

All of this is certainly disheartening for the clientele of luxury jet operator Flexjet, the lead customer for the AS2, which had surely hoped to experience the thrill of breaking the sound barrier while shaving valuable minutes off business trips. Nevertheless, Flexjet’s chairman, Kenn Ricci, seems to be taking the news philosophically:

“Flexjet ordered its AS2’s from Aerion Supersonic in 2015 and the company has been a supporter of the program since then,” he says. “While we are disappointed to hear from the company that they are ceasing operations, we understand the vast investment required by such programs to bring them to fruition and the inherent risks involved.”

Supersonic competitors stay on course

Boom Supersonic
Supersonic revival: US startup Boom Supersonic has developed a Mach 2.2 airplane that it says will be three times faster than today's commercial jets.
Courtesy Boom Supersonic
High speeds: If all goes to plan, the aircraft, which is named Overture and has a price tag of $200 million, could fly from New York to London in three hours and 15 minutes.
Boom Supersonic
Lofty ambition: But Boom's long-term goal, its CEO Blake Scholl tells CNN, is is to "fly anywhere in the world in four hours for $100."
Boom Supersonic
Svelte lines: "Physics does not let you design an ugly supersonic jet," says Scholl of Overture's super-sleek look.
Boom Supersonic
In demand: "We've learned that the demand for supersonic has grown even faster than we anticipated," adds Scholl.
Courtesy Boom Supersonic
Supersonic revival: "Faster travel enables us to experience the world's people, cultures, and places," says Blake Scholl, founder and CEO of Boom Supersonic.
Courtesy Boom Supersonic
What the cabin might look like: "We want supersonic flight to be a great experience, but available to lots of people. So it's premium, but it's not necessarily luxury," says Scholl.
Courtesy Boom Supersonic
Thoughtful design: It's all about "sweating the details," says Scholl. "How does it sound when you walk on? How are the lights? How comfortable is the seat?"
Courtesy Boom Supersonic
Proof of concept: Boom Supersonic rolled out XB-1, a 1:3 scale prototype of its upcoming supersonic commercial jet Overture, on October 7, 2020.
Boom Supersonic
Paving the way: The experimental aircraft was assembled by a team in the Boom hangar in Denver, Colorado.

Meanwhile, Denver, Colorado-based Boom Supersonic is forging ahead with plans for its 65-88 passenger Overture jet, intended mainly for use on transoceanic routes and operating at over twice the speed of sound. This would cut the New York to London route to just three hours and 15 minutes.

The airplane’s flight test prototype, the XB-1, will be 100% carbon-neutral, the company claims, and is expected to make its maiden flight later this year in Mojave, California. If all goes to plan, the Overture is slated to take flight in 2026 and begin commercial operations by 2029.

The program has garnered backing from Japan Airlines with a strategic investment of $10 million and the option to purchase up to 20 Boom aircraft through a pre-order arrangement. Other backers include Bessemer Venture Partners, Prime Movers Lab and American Express Ventures.

Elsewhere, Boston-based Spike Aerospace says it’s collaborating with Tech Mahindra, a Pune, India-based specialist in composite airframe design, stress analysis and optimization, on the development of the “low-boom” Spike S-512 Supersonic Jet that “will fly 12-18 passengers in quiet luxury at Mach 1.6.”

Longer term, another supersonic player, Exosonic, is building a Mach 1.8 Presidential Jet with a 5,000 nautical mile range, decked out with luxury gizmos. White House incumbents, however, will have to wait until the mid-2030s before this “Air Force Two” takes to the skies.

Paperwork palavers

But a question hovering over the aspiration to travel supersonically is: How much of a time-saving can be made when we factor in all the elements of the complete door-to-door journey, now that this includes extra time-consuming health procedures at airports?

IATA’s latest findings confirm that, at peak times, airport processing times have now ballooned to twice that of pre-Covid journeys, with traffic volumes still only at about 30 of pre-Covid 19 levels.

The greatest increases, says IATA, are at check-in and border control (emigration and immigration) where travel health credentials are being checked mainly as paper documents. Modeling suggests that, “without process improvements, time spent in airport processes could reach 5.5 hours per trip at 75% pre-Covid-19 traffic levels, and 8.0 hours per trip at 100% pre-Covid-19 traffic levels.”

01:56 - Source: CNN
Cuomo presses Christie over opposition of vaccine passports

In the new age of ever-changing entry requirements, testing and quarantine rules, despite attempts to seamlessly help passengers collect and exhibit their health information at airport checkpoints using “vaccine passports.” What is actually emerging is a patchwork of digital options.

So far, of the 247 airlines that operate international scheduled services, 32 appear to have signed up to IATA’s Travel Pass, while similar initiatives such as the US Trusted Traveler Program, IBM’s Digital Health Pass, the World Economic Forum’s CommonPass and Ryanair’s Travel Wallet (a bolt-on to the carrier’s booking app), are all vying for the travelers’ health data. But with all these solutions a unified and coordinated linkage with the broader travel environment, such as ground transportation, hotels, restaurants, shops and entertainment venues, will be necessary in order to enable the traveler to optimize their trip once they reach their destination.

The end-to-end journey

IATA’s findings now mean that the airborne segment of travel is just the central component within what is becoming a longer ordeal.

“Passengers, both business and leisure, have become more aware of the notion of journey time rather than just flight time,” Iain Gray, head of aeronautical engineering at Cranfield University, tells CNN Travel.

Early in his career, Gray led the European international team on what was called the European Supersonic Research Program, which worked on the design of the successor for Concorde.

“We were working with the Russians, the Japanese, the Americans, and the Europeans on Concorde’s potential replacement, an international effort at the time, and we put quite a lot of effort into the ‘fare elasticity model,’ looking at the premium people would pay for the benefit of flying supersonic.”

Gray’s team found only a small number of people who would “pay an awful lot of money for the privilege of reduced flight times.” And, today, the high cost of flying supersonically is not the only obstacle as ever more stringent environment objectives come into play.

“The challenges around the environment are escalating with every year that goes by, so every time supersonic technology catches up with what the environmental targets of today are, the goalposts have moved,” says Gray. He points out that even flying over water, new supersonic plane-makers will have to consider such things as the impact of sonic booms on marine life, in addition to taking account of CO2 and the noise disturbance to the human populations when flying over land

© Keystone-France, Courtesy Gamma-Keystone/Getty Images
A new book titled "Supersonic" fondly showcases the design and lifestyle of Concorde, a superbly engineered machine from a futuristic past. This image from the Royal Aircraft Establishment in Bedford shows a scale model of the supersonic airliner in 1964.
© the collection of Lawrence Azerrad
A British Airways Concorde cabin's original interior design, in the 1970s.
© the collection of Lawrence Azerrad
Die-cast toys of Concorde with liveries of Pan American, Air France and BOAC (British Overseas Airways Corporation), which never actually flew the plane and merged with British Airways in 1974.
© the collection of Lawrence Azerrad
An Anya Hindmarch Concorde pouch from British Airways, 1990s.
© the collection of Lawrence Azerrad
A British Airways Concorde matchbox from the 1970s.
© the collection of Lawrence Azerrad
A British Airways Concorde luggage tag from the 1970s.
© the collection of Lawrence Azerrad
Royal Mail postcard celebrating Concorde's maiden flight from 1969.
© the collection of Lawrence Azerrad
Original interior design of a British Airways Concorde cabin in the 1970s.
© the collection of Lawrence Azerrad
An early Pan Am ad from 1969 featuring Concorde.
© the collection of Lawrence Azerrad
Air France stainless steel flatware designed by Raymond Loewy.
© the collection of Lawrence Azerrad
A page from a brochure offered to passengers of the first Concorde commercial flight, January 1976.
© the collection of Lawrence Azerrad
An Air France silver-plated Concorde cognac flask from the 1970s.
© the collection of Lawrence Azerrad
The British Airways Concorde room at New York's JFK airport in 2003.
© the collection of Lawrence Azerrad
Another view of the British Airways Concorde room at New York's JFK airport in 2003.
© the collection of Lawrence Azerrad
The newest version of the British Airways cabin from 1999, designed by Factorydesign and Sir Terence Conran.
© the collection of Lawrence Azerrad
Companies who worked for or supplied Concorde used it in their ads. This is a Ferranti Concorde engagement advertisement from 1966.
© the collection of Lawrence Azerrad
An ad campaign featuring Concorde from 1968.
© the collection of Lawrence Azerrad
Air France Concorde South America brochure from 1976.

But Gray also points out that aviation economics can change dramatically too.

“People would not have imagined 25 years ago that low-cost subsonic carriers would be able to offer fares that are cheaper than the cost to park your car at the airport,” he says. “So it’s foolish to say that [affordable] supersonic flight would never ever happen, but for the moment there are escalating challenges. The technical solutions are there, but they’re expensive.”

A long-term play

Meanwhile, economics is also of course a challenge for today’s aviation, let alone tomorrow’s, with global passenger numbers not expected to recover to pre-Covid levels until 2023.

And conventional flight is going to get pricier, at least while social distancing, less frequent flight schedules, and extra airport procedures remain the norm. Assuming that health verification could likely become a long-term (if not permanent) feature of air travel – just as extra security measures have become, post 9/11 – the time-saving benefits of supersonic flight need further scrutiny.

“Travel is rebounding. However, the highly profitable business travel segment is lagging the leisure crowd,” John Schmidt, Accenture’s global aerospace and defense industry lead, tells CNN Travel.

“Future business travel levels are still an unknown, but needs may be different, and demand will emerge over a period of years. Business travelers have always valued speed and the ability to land at the destination and be immediately productive, whether with business jets or more comfortable commercial aircraft experiences. Supersonic aircraft build on that desire and value.”

Schmidt adds that even with stronger views on sustainability looming, “aircraft developers seem to be rising to that challenge as well since they are able to work from clean sheet designs. This is a long-term play with aircraft anticipated to be certificated in late 2020s and 2030s, so it is certainly a big bet as aircraft developers are betting on the business traveler’s desire for speed and the ability to hit the ground running to remain intact.”

“That,” he concludes, “has fueled business jet and commercial aviation offerings innovation for the past few decades and there does not seem to be a reason for our current travel pause to change that in the long term.”

Courtesy Exosonic
Feeling supersonic: California startup Exosonic is developing a supersonic jet as VIP transport for the US Executive Branch.
Courtesy Exosonic
VR experience: This is a still from an exclusive walk-through CNN was given by Exosonic's principal aircraft interior designer, Stephanie Chahan, and CEO Norris Tie.
Courtesy Exosonic
Meeting area: "We are planning to implement new technologies that are not available today or that you don't (yet) see on commercial or business aircraft," says Chahan.
Courtesy Exosonic
31-seater plane: The jet has two private suites, two galleys, two lavatories, and a main cabin area with 20 business-class seats.
Courtesy Exosonic
Inspiration: "The cabin design was inspired by the US Executive Branch and its mission and values, as well as the peregrine falcon, renowned for its speed -- both by its movement and by its beautiful look," says Chahan.
Courtesy Exosonic
Seatbacks: Following the trend in modern aircraft design, the seat backs have spaces for holding personal electronic devices rather than traditional seat-back monitors.
Courtesy Exosonic
Work, rest and play: "Whether they're flying the vice president or the first lady, or the first gentleman, we'd have a lot of flexibility here," says Chahan.
Courtesy Exosonic
Low boom: Exosonic's plane boasts a 5,000-nautical-mile range and, thanks to boom-softening techniques, it should be able to fly overland at almost twice the speed of sound without upsetting residents down below.
Courtesy Exosonic
Flexible design: "We are confident that our design concept will be able to accommodate various mission needs as they change from one distinguished visitor to another over the course of the aircraft's lifetime," says Exosonic.
Courtesy Exosonic
Timeline: Incumbent US President Joe Biden is unlikely to get a go inside this plane during his time in office, however. The timeline is for it to enter service by the mid-2030s.

Approaching the sound barrier

While the remaining supersonic contenders duke it out to bring faster jets to market, private jet operators are doing their best to address the business traveler’s appetite for speed with aircraft that are as close to the sound barrier as they can be without actually breaking it, which poses all kinds of environmental issues.

“There is no doubt that supersonic and hypersonic aircraft will change the landscape of aviation once they are available to the public,” Ian Moore, chief commercial officer at VistaJet, tells CNN Travel.

Courtesy Bombardier
A private suite on board the Global 7500.

Malta-based VistaJet, which offers access to private jets on a “tailored flight hour subscription plan,” has been ramping up its fleet of Bombardier Global 7500 aircraft which are capable of a top speed of 852 kilometers per hour, or Mach 0.925 – virtually the fastest subsonic speed an airplane can fly at.

“We will continue to invest in our infrastructure and global fleet. At the beginning of April VistaJet took delivery of the Global 7500, as the first to offer this ground-breaking aircraft to the commercial marketplace, with more to come later this year,” says Moore.

He adds, “The Bombardier Global 7500 has changed the game with its record-breaking speed, industry-leading range, and jet lag-reducing features. Until now, there has not been any major speed-up in travel times since the Jet Age of the ’50s and ‘60s.”

Paul Sillers is an aviation journalist specializing in passenger experience and future air travel tech. Follow him at @paulsillers