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The rise and fall of Aerion Yuvan Kumar 28th May 2021, 9:35 It all began in 2004, when Texan billionaire Robert Bass decided to re-commercialise supersonic aerial travel by launching Aerion Supersonic. By 2021, it had a backlog of $11.2bn – or 93 orders – for its AS2 supersonic jet. And soon after announcing the near-hypersonic AS3, a new concept, the company ground to a halt, shutting down unexpectedly last weekend. At $120m each, the Mach 1.4 AS2 promised to connect any two points on Earth “in three hours or less” by 2027. Industry veteran Dr Richard Tracy spearheaded the vision fo...

Aerion appeared to have a lot of momentum with season veterans, strong suppliers, and a headquarters site but was unable to convince financial markets.

Aerion appeared to have a lot of momentum with seasoned veterans, strong suppliers, and a headquarters site but was unable to convince financial markets.

Prospects for continuing investment in the sector come into question after pioneering developer runs out of cash

The company, which had collected orders worth $11.2 billion, blames its shutdown on lack of sufficient financing.