Boeing makes king-size investment in supersonic jet developer Aerion

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Boeing makes king-size investment in supersonic jet developer Aerion

On Tuesday, the 5th of February, 2019, the Boeing Co. had made a statement, saying that, they had made an elephantine investment on the supersonic jet developer, Aerion, as the world’s largest plane maker had been seeking to set their footprints into high-end aircraft manufacturing business, which could potentially reduce travel time.

As the demand of supersonic high-end aircrafts has been growing sharply, the Boeing Co.’s share touched a record high of $407.48, following the announcement. Concomitantly, the Boeing Co.’s share has also opened above $400 on Tuesday’s market for the first time in its history.

Nonetheless, while preparing this report, the Boeing Co., listed in the NYSE, was 3.29 percent to 410.08, during the US midday trading session. For Aerion’s $120 million supersonic business aircrafts, the Boeing would be providing manufacturing, engineering as well as flight testing services and Boeing Co.

is expected to launch their first supersonic business flight in 2023. In fact, the Aerion’s supersonic business aircraft, Aerion AS2 could fly at a speed of 1,000 miles per hour, which is 70 percent faster than the traditional business aircrafts.

While being asked about the financial terms of the deal, the founder of Nevada-based Aerion, billionaire business tycoon, Robert Bass, declined to comment on the subject matter.