Supersonic Bizjet Developer Aerion Halts Operations

Aerion Corp. today ceased operations, citing a lack of available financing for its plans to bring a family of supersonic aircraft to market. In a statement, the company said it had built an $11.2 billion backlog for the first of that family, the Mach 1.2 AS2 business jet, but “in the current financial environment, it has proven hugely challenging to close on the scheduled and necessary large new capital requirements to finalize the transition of the AS2 into production. Given these conditions,… (www.ainonline.com) Plus d'info...