Japan Airlines (JAL) has invested millions of US dollars in a Richard Branson-backed plan to reintroduce supersonic passenger flights 14 years after the Concorde was retired.
The Japanese airline yesterday said it has invested US$10 million in Boom Supersonic, a Denver-based start-up aiming to build a new generation of supersonic jets promising three-and-a-half-hour flights from London to New York for an “affordable” US$5,000 return as soon as 2025.
As part of the deal, JAL has an option to pre-order 20 of the Boom aircraft, which it could use on routes from Tokyo to the US West Coast and Canada.
A flight from San Francisco to Tokyo takes 11 hours — a Boom aircraft flying at Mach 2.2 could make the journey in half the time.
“We are very proud to be working with Boom on the possible advancement in the commercial aviation industry,” JAL president Yoshiharu Ueki said. “Through this partnership, we hope to contribute to the future of supersonic travel with the intent of providing more time to our valued passengers while emphasizing flight safety.”
Boom Supersonic had been secretly working with JAL for more than a year to understand more about the dynamics of commercial flight operations, founder and chief executive officer Blake Scholl said.
“Our goal is to develop an airliner that will be a great addition to any international airline’s fleet,” Scholl said.
The Spaceship Co, a wholly owned subsidiary of Branson’s Virgin Galactic, is already working with Boom on the development of the supersonic jets, which are expected to have 45 to 55 business-class seats.
Branson has the rights to the first 10 Boom aircraft produced.
Scholl, a pilot and former Amazon.com Inc executive, has said his Boom would be “better than Concorde” and commercial flights could be up and running as soon as 2025.
While several other companies, including Boeing Co and Lockheed Martin Corp, are developing new supersonic jets, Scholl said his plan was likely to beat them to the market, as it does not require any new technology for regulator approval.
“Think about for a moment the families that are separated because of the long flights. Think about the trips not taken because when you add up the lost hours, the trip just doesn’t feel worth it,” he said at the Dubai Airshow last month.
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
The artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),