It's been nearly 20 years since the Concorde flew for the last time. Will high-speed air travel take off this time?
American Airlines has put down a nonrefundable deposit for 20 supersonic passenger jets that are still being designed and years away from flying.
But other competitors are also planning supersonic passenger jets. Spike Aerospace is developing an ultra-fast business jet, and startup"I would describe it as possible — I wouldn't describe it as likely that these planes will fly by then," Craig Jenks, president of Airline/Aircraft Projects, an airline industry consultancy, told CBS MoneyWatch."Everything about it is completely new.
"The idea that you could bring back supersonic is an exciting idea, but a heck of a lot of people got burned the first time around, especially with the cost," Jenks said."It's got this fantastic cost-inefficiency once you break through the sound barrier that you have to compensate for by having sufficiently high fares."
"Back in the 1960s, a lot of airlines signed on to order these planes but never ended up flying them because of the cost," travel analyst Henry Harteveldt told CBS MoneyWatch."The first version of this plane is not for the vast majority of us who sit in the back of the plane behind the curtain. But for senior-level executives and business travelers, people for whom time is money, supersonic travel might be viewed as very attractive," he said.
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