Two sources tell Private Jet Card Comparisons that Aerion is informing customers it plans to cease operations
Aerion says, it “is now taking the appropriate steps in consideration of this ongoing financial environment.”
The much-talked-about Aerion supersonic private jet program looks to be running into headwinds. The AS2 is supposed to carry eight to 10 passengers. Its range of 4,200 nautical miles at Mach 1.4, about 1,000 miles per hour, would cut the flying time between New York and London to just over three hours.
However, two sources tell Private Jet Card Comparisons that Aerion is ceasing operations after failing to raise enough money. The sources both said the company has been informing customers over the past several days.
NetJets has obtained purchase rights for 20 AS2 supersonic business jets. Aerion’s global order backlog grows to $10 billion + ahead of a planned 2023 production start
Aerion signed a memorandum of understanding with NetJets and FlightSafety to explore wide-ranging cooperation
NetJets customers are set to break the speed of sound. The Berkshire Hathaway unit said it had obtained the right to purchase 20 Aerion AS2 supersonic private jets. The list price for the AS2 is $120 million. The order extends Aerion’s order book to over $10 billion. The new aircraft promises speeds of over 1,000 miles per hour.
The CEO of the National Business Aviation Association says a post-COVID business travel recovery, new customers and increased availability of sustainable aviation fuel offers a positive outlook for private aviation
Crediting the CARES Act for “helping companies survive and general aviation airports to have operating money,” National Business Aviation Association CEO Ed Bolen last week told the Asset Insight podcast business aviation is well-positioned.
The Pilatus PC-24 light jet and Gulfstream G700 ultra-long-range large-cabin private jet are drawing the most interest from aircraft buyers when asked about their next purchase
Big is beautiful and small is stunning. That seems to be the message from the latest research by JetNet IQ.