Aerion Corp. of Reno, Nevada says that it expects to begin developing by next year a sleek supersonic business jet that could cruise at Mach 1.6 and fly from New York to Paris in about four hours (more than three hours faster than a Gulfstream V). “The world’s major businesses and governments have a clear need for faster travel,†says Aerion vice chairman Brian Barents, who is a former CEO of business-jet builders Learjet and Galaxy Aerospace. “The Concorde may have been relegated to museums, but the world has not slowed down. Indeed, the reverse is trueâ€. The companies chairman is Texas billionaire Robert Bass, president of the Keystone investment group. Bass says that Aerion has the three hallmarks of a good investment: proprietary technology, a demonstrable market demand, and low technological risk. “There are,†he says, “no evident deal-breakersâ€.
From AerionCorp.