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United Airlines buys 15 supersonic aircraft from Boom for 3 billion – Aviation



United Airlines buys 15 supersonic aircraft from Boom for 3 billion - Aviation

United Airlines will dive into the potential supersonic travel market with Boom Technology’s first Overture aircraft order in the hopes that business travelers will be willing to pay more for faster transoceanic flights.

The airline will buy 15 supersonic aircraft, which are expected to begin carrying passengers in 2029, according to a statement released Thursday. At $ 200 million per plane, the deal is valued at $ 3 billion at fixed prices, Boom is not offering any discounts, according to company founder and CEO Blake Scholl. United also has the ability to purchase 35 more aircraft.

United Airlines hopes to debut Overture, which can accommodate up to 88 people. According to Mike Leskinen, vice president of development for the company, Mike Leskinen, the business tourism company’s coastal hubs make these planes “uniquely useful.” Although supersonic flights are banned over U.S. soil, United hopes to be able to establish a three and a half hour connection from Newark, New Jersey to London and a six hour connection from San Francisco to Tokyo.

“This is of paramount importance to a large proportion of our top-class customers,” said Leskinen. “We are closely monitoring flights from New York to London as a first service, and we will be evaluating opportunities beyond that.”

Boom is grappling with the aviation and financial challenges needed to bring back commercial supersonic flight for the first time since Concorde’s demise in 2003, and a bumpy ride awaits. The company has raised $ 250 million so far, but Scholl said the development costs needed to implement Overture’s first flight are projected to be $ 8 billion.

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The Denver commuter company announced a deal with United less than a month after the collapse of Aerion Corp., which already had $ 11 billion in supersonic aircraft orders. But on May 21, the company said it was unable to obtain the funding it needed to proceed with the deal.

cash advance

For Boom, the deal with United marks the first time a buyer has made a cash advance for a carbon fiber Overture. Boom said Japan Airlines and Richard Branson’s Virgin Group have already pre-ordered the plane, which gives them the option to purchase the plane.

United are confident that Boom is moving “from point A to point B to point C” in Overture’s development, Leskinen said. The Chicago carrier declined to discuss the financial details of the order.

According to a December report compiled by UBS Group analyst Miles Walton, the market for new supersonic aircraft could reach $ 160 billion by 2040. The extra speed may be too attractive for business travelers, but prices may be too high for some, Walton said.

At sea level, the speed of sound is 1,223 kilometers per hour. According to Boom, Overture jets will fly at around 2,000 kilometers per hour, or Mach 1.7, twice the speed of conventional jets. The cruising altitude of 60,000 feet (over 18,000 meters) will be higher than most other commercial vehicles. Like the Concorde, the plane will only break the sound barrier over the oceans.

“I have made a series of business trips to the United States that I can turn into day trips and return in the late afternoon to see my children,” Leskin said. “It will open up the same opportunity for Western Europe.”

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Concorde cost

The Concorde flew for 27 years until 2003, flying over the Atlantic at Mach 2, or more than 2,400 kilometers per hour. But due to its insatiable appetite for fuel and high maintenance costs, only two carriers – Air France and British Airways – regularly operated the plane, and fewer than two dozen were built. Overture’s job will be 75% cheaper, Scholl said.

Last year, Boom announced a partnership with Rolls-Royce to develop the Overture powertrain, reusing some of the British manufacturer’s technology. The aircraft will be optimized to operate on 100% environmentally friendly fuel and zero carbon emissions, United said.

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These are the 10 most expensive products in the last week.



These are the 10 most expensive products in the last week.

An analysis of the applied values ​​by DECO Proteste shows that the price of the basic food basket “is €207.80 this week, €24.17 more than it was on February 23rd”, but €1.21 less than in the previous month. a week.

From February 23 to September 21, meat has risen in price by 17.82% (up 5.75 euros), while pork chop today costs 25% more, that is, 1.11 euros.

As for fish, the consumer protection association points out that it is now 14.97% more expensive than before the Russian war against Ukraine, 9.03 euros more expensive.

The Consumer Protection Association monitors weekly prices for a basket of 63 staples, which includes items such as turkey, chicken, hake, horse mackerel, onions, potatoes, carrots, bananas, apples, oranges, rice, spaghetti, sugar. , ham, milk, cheese and butter.

This week, in the period from 14 to 21 September, the top ten products with the largest price increases were zucchini (up 10%), spiral pasta (up 8%), cereals (up 7%), plus 6%), Flemish cheese . (plus 5%), Biscuit Maria (plus 5%), orange (plus 5%), flour for cakes (plus 5%), tomato pulp (plus 5%) and horse mackerel (another 4%).

Looking at the period since February 23 this year, DECO Proteste shows that all food categories have shown price increases, with meat (up 17.82%) and fish (up 14.97%) standing out the most. However, there is also an increase in fruits and vegetables (up 14.65%), food products (up 10.23%), dairy products (up 11.15%) and frozen foods (up 2.48%).

In addition, the top 10 products that rose the most between February 23 and September 21 were broccoli (up 55%), cabbage (up 49%), whole chicken (up 33%), fresh hake (up 30%). %), cakes. flour (30% more), turkey steak (28% more), Maria cookies (27% more), pork chops (25% more), vegetable oil 100%, vegetable oil (plus 24%) and tomato pulp (plus 23%).

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This increase is explained by the fact that Portugal is “heavily dependent on foreign markets to guarantee the supply of cereals needed for domestic consumption”, which currently “represent only 3.5% of national agricultural production, mainly corn (56%), wheat ( 19%). %) and rice (16 percent).”

“And if in the early 1990s self-sufficiency in grain was about 50%, now the value does not exceed 19.4%, which is one of the lowest rates in the world and forces the country to import about 80% of grain. , notes DECO.

The organization explains that “the Russian invasion of Ukraine, where most of the grains consumed in the European Union come from, and Portugal has thus put even more pressure on the sector, which has been struggling for months with the effects of a pandemic and drought with a strong impact on production and stockpiling.

“Limiting the supply of raw materials and increasing the cost of production, namely the energy needed for agri-food production, can thus be reflected in higher prices in international markets and, consequently, in prices at the consumer,” he emphasizes.

In addition, he points out that “a consistent increase in consumer prices, namely for such products as fuel and food, contributes to an increase in the rate of inflation.”

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Luxury Algarve Resort Changes Owner Two Years Before Opening – Turismo & Lazer



Luxury Algarve Resort Changes Owner Two Years Before Opening - Turismo & Lazer

Singapore’s sovereign wealth fund GIC, one of the world’s largest investors, has bought a majority stake in SIG, owner of a €2.3 billion luxury resort chain, Eje Prime reported.

SIG manages the Sani and Ikos Resort brands, which will debut in Portugal in 2024 with the opening of the country’s first resort in Albufeira. It will be the group’s sixth hotel in Europe with active resorts in Spain and Greece.

According to a Spanish real estate newspaper, the Singapore fund’s deal included the purchase of British Oaktree, Goldman Sachs and Hermes GPE shares in SIG. The deal is expected to close in the last quarter of the year, with Andreas Andreadis and Mathieu Guillemin continuing to lead the company as CEO and Managing Partner, with Stavros Andreadis as Honorary Group Chairman.

The entry of the Singapore Fund will allow SIG to fulfill its plans for the next five years, which include investments of more than 900 million euros in new units in the Mediterranean.

SIG was established in 2015 and today owns ten resorts in Greece and Spain, with a total of approximately 2,750 rooms and suites.

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Do you have a diesel car and need to fill up? wait for monday



Do you have a diesel car and need to fill up?  wait for monday

From this Monday, fuel prices will fall again, but this time only in the price of diesel fuel: in the main national oil companies, “the evolution of quotations in euros indicates a drop in prices to 2 cents per liter of diesel fuel, while 95th gasoline will maintain the registered price,” an industry source told Multinews.

The trend is also being replicated at private brand gas stations, which usually operate near hypermarkets, with “a sharp drop of 0.0187 euros per liter for diesel, while gasoline 95 will register the same trend, albeit slightly, 0.0025 euros – another source said.

So after all, filling a tank with 60 liters of diesel fuel costs 1.2 euros cheaper. In the petrol version, there is no change in the travel time to the service station.

According to official figures from the DGEG (Directorate General of Energy and Geology), both diesel and petrol 95 have been declining for four consecutive weeks. Recall that last week diesel fuel kept a higher price than gasoline 95 (1727 euros/l against 1695 euros), and this week this difference will disappear.

Also, according to DGEG data, the average price of regular diesel this Thursday was 1.752 euros per liter, while the average price of regular gasoline 95 was 1.693 euros per liter, indicating a downward trend. Average prices are based on data provided by over 2,400 stations across the country and include discounted prices.

This fuel price update takes into account the cost of a barrel of Brent oil on international markets. A barrel of oil has been trading at a low level for several weeks now. After peaking in the early days of the war in Ukraine, when oil hit $140 a barrel, fuel prices soared to record highs, the price of this “black gold” is now lower.

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