Aerion Supersonic has closed shop because the millions it had so far raised from investors, plus the contributions of its billionaire owner, wasn’t going to be enough to bring its AS2 supersonic business jet to market. “The AS2 supersonic business jet program meets all market, technical, regulatory and sustainability requirements and the market for a new supersonic segment of general aviation has been validated with $11.2 billion in sales backlog for the AS2,” the company said in an statement emailed to The Verge on Saturday. “However, 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 the Aerion Corporation is now taking the appropriate steps in consideration of this ongoing financial environment.”
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/cash-short-aerion-supersonic-closes