One step closer to the renewal of supersonic travel (OTCMKTS: JAPSY)

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Founded in 2014, Boom Supersonic built a supersonic prototype in just six years, significantly faster than the development of the Concorde.

The Denver-based startup has set October 7 for the public unveiling of its XB-1 – a demonstration aircraft that will be used for a conceptual commercial jet called Overture. It would have 55 seats on board, reach cruise speeds of Mach 2.2, use alternative fuels and take flight in 2021.

“You can travel with Overture for a quarter of the price of a Concorde ticket, about the same price you would pay in business class,” said Boom Supersonic CEO Blake Scholl.

To date, the company has raised $ 141 million to build the XB-1 from investors such as Japan Airlines (OTCPK: JAPSY) and Richard Branson’s Virgin Group, which have pre-ordered a total of 30 aircraft.

Boeing (NYSE: BA) and Spirit AeroSystems (NYSE: SPR) reportedly disbanded the engineering teams that designed the AS2 business jet for Aerion Supersonic last month as the two companies sought ways to conserve money during the coronavirus pandemic.



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