By Murdo Morrison2021-05-22T07:47:00+01:00
Supersonic business jet developer Aerion has unexpectedly ceased operations, after admitting it could not raise enough capital to bring its AS2 programme to market.
Source: Aerion
Aerion unveiled the AS2 in 2014 and had named several big industry names as suppliers
The move, which will be a shock to many in the industry, comes despite Boeing-backed Aerion having secured $11.2 billion worth of orders, including from high-profile customers such as fractional ownership firms NetJets and Flexjet. The former committed to 20 examples in March, while rival Flexjet said in 2015 it intended to buy 20 AS2 aircraft.
In a statement issued late afternoon local time on 21 May, the Reno, Nevada-based company, said that “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”.
Boeing-backed supersonic jet developer Aerion shuts down operations
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Jonathan Scholl s project “The Admiral s Office” is a finalist in the 2021 Top Shelf Design Awards.
Photo By Jonathan Scholl, Dovetail Group LLC
NORTH LIBERTY, Iowa - The judges’ scores are in and the 2021 Top Shelf Design Award finalists have been named. This year’s contest had 70 entries, making it the second-largest field in recent years.
Closets & Organized Storage would like to congratulate all finalists on their award-winning projects. All winners will be announced at the Top Shelf Design Awards reception, sponsored by CCF Industries and KCD Software, Wednesday, June 9, in the gardens of the Hilton Hotel, during the 2021 Closets Conference & Expo, in West Palm Beach, Florida.