Supersonic Bizjet Developer Aerion Halts Operations | Aviation International News

Supersonic Bizjet Developer Aerion Halts Operations

Cites lack of available financing for its decision to cease operations.

Despite an $11.2 billion backlog for its AS2 supersonic business jet, Aerion Corp. couldn't raise enough funding to bring the AS2 to production, causing it to cease operations on May 21, 2021. (Photo: Aerion Corp)

By Kerry Lynch • Editor, AIN monthly magazine

May 21, 2021

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 1.4 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, the Aerion Corporation is now taking the appropriate steps in consideration of this ongoing financial environment.”

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