More than a year ago, Airbus announced that it would collaborate with Aerion, a start-up with plans to build a supersonic business jet, the AS2. Airbus’s participation was limited, but important. But every little bit helps, considering development costs are expected to reach $4 billion.
In mid-November, Aerion announced an order of 20 AS2s by private jet lessor Flexjet. The supersonic AS2 is expected to make its first flight in 2021 and enter service in 2023. The 12-passenger AS2 is expected to cost about $120 million, and it will be able to shave about two and a half hours off a transatlantic flight from New York to London.
For comparison, Boeing’s new 787 MAX 8 has a list price of $106.9 million, carries up to 200 passengers and likely will have a sub-sonic cruising speed of around 590 mph. The Airbus A320neo will cost $106.2 million and have a maximum capacity of around 180 and a cruising speed of about 590 mph. The Aerion AS2 will cost more than $100 million, carry a maximum of 12 passengers and have a maximum cruising speed of around 1,150 mph.
[ims_survey]
No engine partner has been named yet, but the usual suspects are expected to make a pitch for the business.
The AS2 is more costly to operate than a conventional plane, for the plane’s target market price is usually pretty far down the list of concerns.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.