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giftedviz.com December 17, 2017


Boom gets $10m boost from Japan to get superjet off the ground

07 December 2017, 02:47 | Austin Hogan

Centennial's Boom Supersonic partners with Japan Airlines on orders, $10M investment

An artist's impression shows Boom's 55-seat supersonic aircraft and Boom's XB-1 supersonic demonstrator in this undated handout obtained by Reuters

Through this agreement, JAL will provide its knowledge and experience as an airline to support Boom in developing the aircraft. "We will continue to engage with other global carriers to maximize the value of JAL's investment and bring back supersonic commercial travel". Concorde cost $20,000 a seat, that made it unaffordable to most.

Boom reportedly has 76 preorders, not including the option of 20 aircraft from Japan Airlines, for its plane that would travel at Mach 2.2, over two times the speed of sound and faster than the Concorde, which maxed out at around Mach 2.

Today Black Scholl, Boom's founder and chief executive, added: "We've been working with Japan Airlines behind the scenes for over a year now".

"Think about for a moment the families that are separated because of the long flights". That plane which passed a preliminary design review in May, is scheduled to fly next year. A strategic investment in US -based Boom Supersonic sets the airline up for an opportunity to collaboratively design - and possibly purchase - Mach 2.2 aircraft.

JAL's investment raises Boom's overall capital to $51 million, including a $33 million Series A round completed last March involving several venture funds, such as Continuity Fund, RRE Ventures, Palm Drive Ventures, 8VC and Caffeinated Capital. CNBC reported Boom's 45- to 55-seat jets will cost roughly $200 million each while a roundtrip business class ticket for a flight from London to NY would set passengers back about $5,000.

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The money the company already has is more than enough to get it through developing a small two-seat demonstration aircraft and conducting its first test flight, he said.

The Japanese archipelago is among the most attractive areas for supersonic flying because planes don't have to travel over very much land to reach big cities. It claims its aircraft will produce a sonic boom at least 30 times quieter than the Concorde's, which often prompted noise complaints.

The reason that Boom Supersonic is making headlines is due to their decision to try and completely change the commercial flight market.

At twice the speed of sound, a flight between San Francisco and Tokyo would take around five and a half hours, including a stop for fuel along the way, Scholl said.

Multiple engine companies have formed teams to respond to Boom's request for proposals, Scholl says.



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