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Aerion order book crosses $3 billion threshold

Written by thomas · Filed Under Aeronautics News 

May 16, 2008

thomas

Geneva, EBACE (May 19, 2008) In the six months that Aerion has been accepting orders for the Aerion supersonic business jet, the company has received more than 40 letters of intent backed up by refundable deposits of $250,000. At a price of $80 million per aircraft, the total backlog stands at more than $3 billion and Aerion officials expect the backlog may go higher before the close of the EBACE show.

“Just two and a half years ago our market research indicated a market for 300 supersonic jets over 10 years,” noted Aerion Vice Chairman Brian Barents, “but that survey did not even include demand from countries such as India, China and Russia. If anything, we have underestimated global demand.” Barents pointed to five orders secured by marketing agent ExecuJet in India alone as an indication of emerging market demand.
Aerion has also secured orders in Pakistan, The Middle East, Europe, North America and South America. Barents pointed to growing demand at the top of the business jet market. A supersonic jet is now not far in price from subsonic alternatives, which is giving more companies an incentive to consider the Aerion jet.

Aerion continues in discussion with potential OEM partners as well as potential tier-one suppliers. Aerion has an exclusive agreement with Pratt & Whitney for the use of a new variant of its JT8D-219 engine, a member of the ubiquitous JT8D family, flat-rated to 19,600 pounds of thrust.

Aerion expects to reach an agreement with an OEM by year end, keeping the company on track to certify the supersonic jet as planned in 2014.

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