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American Air Bets on New Supersonic Era, Orders 20 Boom Jets

Overture jet from Boom Supersonic
Overture jet from Boom SupersonicSource: Boom Supersonic/American Airlines
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American Airlines Group Inc. agreed to buy 20 Overture jets from Boom Supersonic, gambling that a market will emerge for a new generation of sleek aircraft that can cut transatlantic travel times by half. 

The world’s largest airline also has an option to purchase another 40 of the gull-winged jets that Boom plans to roll out by mid-decade, the companies said Tuesday, without providing financial details. American paid a nonrefundable deposit for the initial 20 aircraft, but the specific terms will depend on a purchase agreement including future milestones that the companies haven’t yet finalized.