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Stock impact report

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 Check Earnings Report
US:NYSE Investor Relations: ir.united.com
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 Show less Read more
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