It’s the news about Boom supersonics that av-geeks have been waiting for since… well 2003. Why 2003? I’ll explain in a moment.
The leap of faith by US airline United is exactly what aviation startup Boom Technology needed to show the market it was onto a winner with its next-generation supersonic jet.
October 2003 was the last time the world saw a supersonic commercial airliner take to the skies, as the final Corcorde jet landed for the last time and British Airways and Air France retired their remaining aircraft.
The final Concorde flight from British Airways in 2003
It was the end of an era. The romantic super wealthy supersonic jetliner had been fictionalised as the jet of the future. But high fuel costs, low passenger numbers, and a deadly crash in Paris (even though it wasn’t the fault of the aircraft) sealed its fate.
So the decision by one of the world’s biggest airlines to purchase Boom’s new Overture aircraft is huge. Not just because of the delivery, but because of who is buying it. Traditionally, US carriers stick to what they know. Most of the time its Boeing, and sometimes Airbus, but mostly just to keep Boeing on its competitive toes.
“Boom’s vision for the future of commercial aviation, combined with the industry’s most robust route network in the world, will give business and leisure travellers access to a stellar flight experience.”
United CEO Scott Kirby
So for one of the old guard to place an order for 15 Overture jets is a really big deal. But is it a really good idea?
The Boom sales pitch
Before we tear the dream apart, let’s look at the promise from Boom and United.
Supersonic flight is when an aircraft travels faster than the speed of sound.
At an altitude of 60,000ft (18,300m), that means flying faster than 660mph (1,060km/h).
A typical passenger jet may cruise at about 560mph (900km/h) but the supersonic Boom Overture is expected to reach speeds of 1,122mph (1,805km/h) – also known as Mach 1.7.
That cuts the flying time over the Atlantic or Pacific literally in half. Something that helped Concorde become the aircraft of choice for busy businessmen.
There’s that great episode of Absolutely Fabulous, where Eddie and Patsie travel to New York and back in a day to buy a door handle, all thanks to the Concorde.
Eddie and Patsy flying to New York on the Concorde
But for the rest of us, and those of us too young to take a keen interest in flash-fashion doorknobs, the Concorde was nothing more than a dream.
Denver-based supersonic developer Boom Technology is promising to bring back the era of supercharged flying.
Is the industry ready?
The flying public, sick of the ever tightening capacity of 737s or A320s probably love the idea of flying to their destinations faster, if it allows them to unpack their legs out of the vacuum seal and cut their journey times in half.
But as Boeing often reminds us, it’s airlines who buy passenger planes, not passengers. And with the price of oil reaching 100 dollars a barrel, efficiency, not speed, has been on the minds of aviation executives for the past 25 years.
A key challenge will be the logistics of sustainable fuel
Infrastructure burden
It’s one thing to create the supersonic jet of the future, it’s another thing to make it work. Boom says the supersonic Overture will be able to fly on sustainable aviation fuels (SAF) and be the first commercial plane to immediately reach net-zero carbon emissions.
Sounds great, except when you think of the logistics to make this happen. Not every aviation expert believes they can.
“Is there infrastructure in the pipeline and existing to ramp up the supply? if this plane takes off in 2029, that’s eight years away. Can we see the ramp up of sustainable aviation fuel and capacity to power this aircraft?” asks aviation journalist Joran Chong.
“I think there’s been a lot of advancements for stable aviation fuel plants in Europe and the US. The technology and science is coming up with more ways to produce sustainable aviation fuel. That’s the ambition, that’s the hope,” Jordan says.
Singapore Airlines A380s parked in a desert
The lesson from the A380
While Boeing was deciding whether to go for speed or efficiency before eventually deciding on the 787 Dreamliner, the US aircraft manufacturer was also in a semi culture war with Airbus over a simple question. Was the future of aviation about flying hub to hub, or flying point to point?
Airbus believed major airports were reaching capacity for available slots, and invested heavily in the double decker A380. Boeing believed future orders would more likely come from airlines wanting to fly more boutique routes for passengers, and opted for smaller aircraft. Airlines like Qantas who fly both the A380 and the 787 found it would be cheaper to put two 787s on the same route as an A380.
The A380 would suffer an untimely death for passengers. Not just because of COVID, but also because airlines just didn’t buy them, or fulfil the orders they thought they might need. While passengers loved the comfort and space of an A380, airlines found them tough to fill.
But might Boom have the opposite problem?
Boom promises to be carbon neutral
Speed v Space
While the Concorde looked stunningly stylish from the outside, the interior of the supersonic jet left a lot to be desired.
“It was a lot more like premium economy,” says Jordan Chong.
In order to fit as many people into the small aircraft as possible, the seats were far narrower than business travellers are used to today.
The tiny Concorde cabin has been described as “premium economy”
Which raises a key question for business travellers who might have to make a choice in 2029. Would you rather fly business class more comfortably, but on a longer journey? Or would you rather fly faster with no flat bed?
“The argument could be made that if you’re flying for only three to four hours, do you really need a lie flat seat given they are short distances? You’re paying for speed rather than comfort or amenity,” Jordan says.
Is there demand for supersonic travel?
Boom Technology seems to think so, but they need more than United to agree. After years of losses, it was only in Concorde’s final years that it began to make a profit for British Airways.
Today, wealthy travellers have many choices. From competitively priced Business Class and First Class fares, to the choice of their own private jets – a lot has changed since the Concorde left our skies.
Boom will begin tests flights of its Overture jets in 2026.
In Short:
– World equities are expected to reach record highs in 2025, driven by anticipated Federal Reserve rate cuts and AI gains.
– The MSCI index gained nearly 21% in 2025, while the S&P 500 achieved its 39th record close this year.
Global equity markets ended 2025 on a historic high, capping off a year of extraordinary gains. The MSCI world equity gauge recorded an almost 21% year-to-date increase, while the S&P 500 closed at 6,932.05 on Christmas Eve—its 39th record close of the year. European shares also touched intraday records, as investors bet on continued Federal Reserve interest rate cuts and strong AI-driven growth.
Asian markets led the year-end surge, with Taiwan’s benchmark index hitting a record high of 28,832.55, fueled by gains from Taiwan Semiconductor Manufacturing. South Korea’s Kospi rose 2.2%, marking its best year since 1999. Across the region, investors placed big bets on artificial intelligence, overshadowing concerns about trade tariffs and economic uncertainty.
The U.S. Federal Reserve’s rate cuts provided further optimism for global markets. After lowering its main funds rate to 3.5%-3.75% in December, money markets are anticipating additional cuts in 2026. While gold dipped slightly, it still recorded its largest annual gain since 1979, and copper hit a new record high. Investors are balancing bullish AI exposure with safe-haven hedges, signaling cautious confidence as 2025 draws to a close.
In Short:
– New Zealand’s economy grew by 1.1% in Q3, exceeding expectations after a mid-year contraction.
– Fourteen industries reported gains, with business services and manufacturing leading the growth at 2.2%.
New Zealand’s economy bounced back in the third quarter, growing by 1.1% and exceeding forecasts of 0.9%. This follows a revised 1.0% contraction in Q2, signaling a clear turnaround. According to Statistics New Zealand, 14 out of 16 industries reported growth, with business services and manufacturing leading the charge. Construction also picked up, rising by 1.7%, while exports were boosted by strong dairy and meat sales.
Retail spending showed robust gains, especially in categories sensitive to interest rates, including a 9.8% increase in electrical goods and a 7.2% jump in motor vehicle parts. Despite the positive quarter-on-quarter growth, the economy was still 0.5% lower than the same period last year, with telecommunications and education the only sectors experiencing declines.
Cautiously optimistic, Reserve Bank Governor Anna Breman noted that monetary policy will continue to depend on incoming data, as financial conditions have tightened beyond earlier projections. While positive GDP numbers support current low rates, the services sector—comprising two-thirds of GDP—has contracted for 21 consecutive months, suggesting the recovery may remain uneven.
In Short:
– The US economy grew by 4.3 percent in Q3 2025, exceeding forecasts and showing consumer resilience.
– Consumer spending rose by 3.5 percent, with increases in healthcare and recreational goods driving growth.
The US economy grew at a robust annual rate of 4.3% in Q3 2025, exceeding forecasts and marking its strongest quarterly expansion in two years. This growth comes despite lingering inflation concerns and political instability, showing that American consumers are continuing to spend and drive economic momentum.
Consumer spending, which accounts for roughly 70% of the economy, jumped 3.5% in the quarter, up from 2.5% previously. Much of this increase was fueled by healthcare expenditures, including hospital and outpatient services, along with purchases of recreational goods and vehicles. Exports surged 8.8%, while imports fell 4.7%, giving net economic activity a boost, and government spending bounced back 2.2% after a slight decline in Q2.
Remains optimistic
Despite the strong growth, inflation remains in focus. The personal consumption expenditures (PCE) price index rose 2.8%, up from 2.1%, with core PCE also climbing. Economists are closely watching the job market and tariff-related pressures. Meanwhile, the recent federal “Schumer shutdown” is expected to slow Q4 growth, potentially trimming GDP by 1 to 2 percentage points. Treasury Secretary Scott Bessent, however, remains optimistic that 2025 will still reach a 3% growth rate.
The Q3 numbers are also influencing expectations for the Federal Reserve. Analysts now see an 85% probability that interest rates will remain stable at the January 2026 meeting. Steady rates could provide a measure of certainty for investors, businesses, and consumers alike as they make decisions heading into 2026. Overall, the data paints a picture of a resilient US economy navigating both challenges and opportunities.
Andrew
June 7, 2021 at 5:50 pm
Very interesting Ahron