“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
Supersonic Jet developer still needs a partner
Aerion reports that it is close to picking a manufacturing partner to lead development and production of its supersonic business jet. According to the Reno, Nev. company, it will then work with the manufacturer to confirm the Mach 1.6 jet's performance, costs and market. Aerion anticipates that the $80 million jet could be certified by late 2015.