Virgin Group has, according to the Telegraph, decided not to pursue it's purchase of Boom Supersonic's 'Overture' supersonic jetliner.
This news will disappoint aircraft enthusiasts who long to see a new "Concorde-like" aircraft revive supersonic travel—especially considering the advancements made by Boom Supersonic with its "Overture" aircraft.
It is not entirely clear why Virgin Group has made this decision, and they have not yet responded to requests to comment. In January 2019, Boom Supersonic announced receiving $100 million in a Series B investment round. It stated that its future customers would include Virgin Group and Japan Airlines, who had pre-ordered 30 "Overture" airliners. However, recent press releases from November 2020 onwards do not mention Virgin Group's pre-orders of any Overture aircraft.
“We are incredibly proud of the progress with 'Overture' and 'Symphony' [its engines] from our global team of partners and suppliers who continue to operate at an accelerated pace toward the future of sustainable supersonic flight,” said Bake Scholl, the founder and chief executive officer of Boom Supersonic, at the time.At the event, Boom Supersonic revealed they had received orders for 130 aircraft for their "Overture" model.
“Virgin Galactic’s options from a 2016 agreement ended in 2020, at which point Boom Supersonic and Virgin mutually decided to allow the options to expire. Boom’s commercial order book stands at 130 aircraft, including 35 orders with non-refundable deposits and 95 pre-orders from United Airlines, American Airlines, and Japan Airlines.
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