Despite accumulating an $11.2 billion sales backlog, including potential twin commitments of 20 AS2 supersonic private jets from NetJets and Flexjet, Aerion will cease operations unless it finds an 11th-hour white knight. Multiple sources say the Aerion has been telling customers that several financing deals had fallen through and it would cease operations.
In a written statement, the company said, ‘The AS2 supersonic business jet program meets all market, technical, regulatory and sustainability requirements and the market for a new supersonic segment of general aviation has been validated with $11.2 billion in sales backlog for the AS2. However, in the current financial environment, it has proven hugely challenging
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