Billionaire Robert Bass’s dream of building a private supersonic jet is poised to get a boost from one of the world’s top engine makers: General Electric Co (GE).
The discussions represent a step toward resolving a major obstacle to Aerion’s plan for a jet that could shave three hours off trans-Atlantic trips -- and shorten flights across the Pacific by six. Aerion, which already has a committed buyer for its AS2 plane, has been working with the engine manufacturers to meet noise restrictions and fly economically at speeds both slower and faster than the sound barrier.
GE said a final agreement hasn’t been reached. “We welcome their vision and are excited to continue discussions on engine configuration,” said Brad Mottier, GE’s vice president for business aviation.
Aerion’s challenge is to sell enough of the AS2 aircraft to offset the investment required to develop costly components, with the engine being the most expensive. The list price of the plane is $120 million.
Source: Bloomberg Pro Terminal
Jr Trader Ivan Ivanov
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