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.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,