Billionaire Bass’s Supersonic Jet Dream Wins Boeing Backing
- Aerospace giant’s investment is Aerion’s first by a planemaker
- First flight of 1,000 MPH aircraft is scheduled for 2023
This article is for subscribers only.
Boeing Co. is joining with Aerion Corp., a startup founded by Texas billionaire Robert Bass, to help build a supersonic business jet that would cut trans-Atlantic flight times by three hours.
The U.S. aerospace giant will make a “significant investment” in Aerion to accelerate design and development, according to a statement Tuesday. Boeing will replace Lockheed Martin Corp., which had announced a partnership with Aerion in 2017, a spokesman for the supersonic-jet company said.