Japan Airlines invests $10m in supersonic jet company Boom
Denver-based startup Boom Supersonic said on Tuesday Japan’s No.2 carrier Japan Airlines has invested $10-million in the company, which is building a supersonic passenger aircraft it claims will be faster, quieter and more affordable to fly than Concorde.
Boom is developing a 55-seat plane that it says will be able to more than halve the flight time from New York to London to just three hours and fifteen minutes.
The firm has said its jetliner, expected to enter service by the mid 2020s, will fly at speeds of Mach 2.2, 10% faster than Concorde, which popularized supersonic jet travel in the 1970s.
As part of the deal Japan Airlines, which has the option to purchase up to 20 Boom aircraft, will provide its knowledge and experience as an airline to hone the aircraft design and help define the passenger experience for supersonic travel, the companies said on Tuesday.
Boom’s aircraft is expected to produce a sonic boom that would be at least 30 times quieter than Concorde‘s, which was dogged by high operating costs and fuel consumption and low capacity utilization.
Boom estimates that fares for its aircraft would be 75% lower than Concorde’s and comparable to current business class tickets, due to its better fuel efficiency.
Boom, whose suppliers include General Electric, Honeywell International and Netherlands-based TenCate Advanced Composites, has reportedly received 76 pre-orders from airlines, excluding the option of up to 20 aircraft from Japan Airlines.
Boom is backed by venture capital firms such as 8VC, RRE, Lightbank, Y Combinator and Caffeinated Capital, as well as angel investors including Sam Altman, Paul Graham and Greg McAdoo.
As of March 2017, Boom had raised about $41-million in funding.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation