Aerion signs up supersonic business jet customers
Aerion Supersonic, the developer of a $120 million supersonic business jet, has signed provisional purchase contracts with wealthy customers as it looks to greenlight the project over the next 18-24 months, a senior executive said.
US-based Aerion, which is working with Lockheed Martin Corp (LMT.N) and GE (GE.N) on development of the jet, is aiming for first deliveries to customers in late 2025 or early 2026, chief commercial officer Ernie Edwards said on Wednesday.
"Today we are taking letters of intent which is just essentially buying a slot in the queue," he told Reuters of customer contracts, declining to say how many had been signed to date. "It is the ultra-high net worth individuals that we are going after."
The United States, Europe and the Middle East have proven the most promising markets to date, with Asia lagging in demand because it has a less mature business jet market, Edwards, who was attending a corporate jet conference in Singapore, said.
Firm sales contracts, including non-refundable deposits will be signed after development hurdles are met over the next 18-24 months, he said.