Is Aerion out of business?

The firm announced the pending sale of Aerion’s assets on Wednesday morning. “The company ceased operations due to difficulties in raising capital to achieve the next steps in the manufacture and regulatory approval of the company’s supersonic aircraft, the Aerion AS2,” a DSI news release said.

Why did Aerion fail?

Image: Aerion. Supersonic jet contender Aerion Corp is folding after failing to secure funding for its ambitious business aircraft. The Nevada-based company, which had been backed by Boeing, confirmed on Friday that it was abandoning plans to build a business jet that could fly faster than the speed of sound.

What company owns Aerion?

Aerion Corp., the supersonic-jet developer founded by Texas billionaire Robert Bass and backed by Boeing Co., said it’s ceasing operations after failing to secure enough money to start building the aircraft.

What happened aerion?

Aerion Supersonic is shutting down, the company confirmed to CNBC. The Nevada-based company had planned to build business jets capable of silently flying nearly twice as fast as commercial aircraft.

Who owns Aerion Supersonic?

Robert Bass
Aerion Corporation was founded in 2003 by Texas billionaire Robert Bass as a startup working to commercialize supersonic aviation technology. The company began development on supersonic business jets in 2004.

Is aerion an American company?

Aerion Corporation was an American aircraft manufacturer based in Reno, Nevada. It was founded by Robert Bass of Fort Worth. From 2004 until 2021, the company was developing a 10-passenger supersonic jet to cut transatlantic flights by three hours using “boomless cruise” technology to negate the sonic boom.

Does Boeing own boom?

The Boom XB-1 Baby Boom one-third-scale demonstrator is expected to begin flight testing in 2022….Boom Technology.

Type	Private
Industry	Aerospace industry
Founded	2014 Denver, Colorado, U.S.
Founders	Blake Scholl Joe Wilding Josh Krall
Headquarters	Centennial Airport, Dove Valley, Colorado