The logo of Japan Airlines (JAL) is seen on the tail fin of the company's airplane, at a Haneda Airport hangar in Tokyo, Japan on Apr 3. (Reuters photo)Denver-based startup Boom Supersonic said on Tuesday Japan's No 2 carrier Japan Airlines Co Ltd has invested $10 million in the company, which is building a supersonic passenger aircraft it claims will be faster, quieter and more affordable to fly than Concorde. Boom estimates that fares for its aircraft would be 75% lower than Concorde's and comparable to current business class tickets, due to its better fuel efficiency. Boom, whose suppliers include General Electric Co, Honeywell International Inc and Netherlands-based TenCate Advanced Composites, has reportedly received 76 pre-orders from airlines, excluding the option of up to 20 aircraft from Japan Airlines. As of March 2017, Boom had raised about $41 million in funding.

Source: Bangkok Post December 05, 2017 07:18 UTC