NEW, DELHI/SINGAPORE/DALLAS – Supersonic jetliner travel, which ended more than a decade ago with the Concorde, is set for a boost after Japan Airlines Co. agreed to invest $10 million (about ¥1.1 billion) in Colorado startup Boom Technology Inc. The deal will give JAL a 1 percent stake in the Denver-based company.
The airline also secured an option to purchase as many as 20 of the aircraft Boom is developing, the two companies said in a statement Tuesday. JAL is the second company to announce an intention to purchase Boom’s supersonic jet, after billionaire Richard Branson’s Virgin Atlantic.
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