Japan Airlines has invested $10 million in Boom, the US aerospace company hoping to build a successor to the Concorde supersonic aircraft, which is scheduled to launch in the mid-2020s. BOOM TECHNOLOGYBoom, the American aerospace company hoping to build a successor to the Concorde supersonic aircraft, has received a $10 million investment from Japan Airlines. The Japanese airline company will also have the option to buy up to 20 Boom aircraft through a pre-order arrangement. The new-generation supersonic aircraft, scheduled to be launched in the mid-2020s, has a maximum flying range of 8,334 kilometres at a speed of Mach 2.2 or 2,335 kilometres per hour. Boom, which was launched in 2014, said it has secured reservations for its first 25 aircraft at $200 million a plane.

Source: The Times December 06, 2017 00:11 UTC