CEO of failed supersonic plane startup on what went wrong — and how other companies might find success [Business Insider]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Business Insider
Funding, low customer interest, and a preference for hypersonic flight negatively affected business, its CEO said. A handful of startups are vying to revive supersonic flight, but one contender just dropped out of the race. Exosonic, which had been working for five years to build faster-than-sound jets for commercial and military use, announced its shutdown on Friday, citing a lack of continued funding and low customer interest. The company had two main projects: a quiet passenger plane capable of Mach 1.8 speed and an uncrewed supersonic aircraft for fighter jet target practice. It had backing from private equity investors, a contract from the US Air Force , and a flying sub-scale prototype. In an interview with Business Insider, Exosonic CEO Norris Tie said the company hoped its Mach-speed airliner would drastically cut travel time between faraway nations. Crucial to the company's promise was work to eliminate the sonic boom that prevents supersonic planes from flying ove
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UAL
Earnings
- 10/15/24 - Beat
UAL
Sec Filings
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- 10/21/24 - Form 4
- UAL's page on the SEC website