|
Aerion Corporation
Aerion Corporation was an American aircraft manufacturer based in Reno, Nevada. It was founded by Robert Bass of Fort Worth. From 2004 until 2021, the company was developing a 10-passenger supersonic jet to cut transatlantic flights by three hours, using "boomless cruise" technology to negate the sonic boom. It was expected to be the first supersonic aircraft without an afterburner to lower emissions, and the first to run on biofuels. Aerion abruptly announced on May 21, 2021, that the company would be shutting down due to inability to raise needed capital to proceed. History Aerion Corporation was founded in 2003 by Texas billionaire Robert Bass as a startup working to commercialize supersonic aviation technology. The company began development on supersonic business jets in 2004. Increased demand from a variety of aircraft manufacturers for Aerion’s natural laminar flow (NLF) expertise drove the company to launch Aerion Technologies Corporation, a wholly owned subsidiar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reno, Nevada
Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada–California border. It is the county seat and most populous city of Washoe County, Nevada, Washoe County. Sitting in the High Eastern Sierra foothills, in the Truckee River valley, on the eastern side of the Sierra Nevada, it is about northeast of Lake Tahoe. Known as "The Biggest Little City in the World", Reno is the List of United States cities by population, 78th most populous city in the United States, the List of cities in Nevada, third most populous city in Nevada, and the most populous in Nevada outside the Las Vegas Valley. The city had a population of 264,165 at the 2020 United States census, 2020 census. The city is named after Civil War Union major general Jesse L. Reno, who was killed in action during the American Civil War at the Battle of South Mountain, on Fox's Gap. Reno is part of the Reno, NV Metropolitan Statistical Area, Reno–Sparks metropolitan area, the second-m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Neutral
Global net-zero emissions is reached when greenhouse gas emissions and Greenhouse gas removal, removals due to human activities are in balance. It is often called simply net zero. ''Emissions'' can refer to all greenhouse gases or only carbon dioxide (). Reaching net zero is necessary to stop further Climate change, global warming. It requires deep cuts in emissions, for example by shifting from Fossil fuel, fossil fuels to sustainable energy, improving energy efficiency and halting deforestation. A small remaining fraction of emissions can then be offset using carbon dioxide removal. People often use the terms ''net-zero emissions'', ''carbon neutrality,'' and ''climate neutrality'' with the same meaning. However, in some cases, these terms have different meanings. For example, some standards for ''carbon neutral certification'' allow a lot of Carbon offsets and credits, carbon offsetting. But ''net zero standards'' require reducing emissions to more than 90% and then only offset ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric Affinity
The General Electric Affinity was a turbofan developed by GE Aviation for supersonic transports. Conceived in May 2017 to power the Aerion AS2 supersonic business jet, initial design was completed in 2018 and detailed design in 2020 for the first prototype production. GE Aviation discontinued development of the engine in May 2021. Its high-pressure core is derived from the CFM56, matched to a new twin fan low-pressure section for a reduced bypass ratio better suited to supersonic flight. Development At the May 2017 EBACE, Aerion announced the selection of GE Aviation to power the Aerion AS2 supersonic business jet. GE then launched the Affinity program. The final engine configuration was a core with billions of operational hours – suggesting the CFM56 – and a new low-pressure section optimized for supersonic speed. The Affinity high-pressure core was adapted from the CFM56 and the GE F101/ F110 military engines. In February 2018, Aerion released the GE engine configura ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lockheed Martin
The Lockheed Martin Corporation is an American Arms industry, defense and aerospace manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995. It is headquartered in North Bethesda, Maryland, United States. As of January 2022, Lockheed Martin employs approximately 121,000 employees worldwide, including about 60,000 engineers and scientists. Reports from 2024 estimate that Lockheed Martin Corporation (LMT) holds a market cap of around $139.7 billion. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It was the world's largest defense contractor by revenue for fiscal year 2014.POC Top 20 Defence Contractors of 2014 . Retrieved: July 2015 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbus
Airbus SE ( ; ; ; ) is a Pan-European aerospace corporation. The company's primary business is the design and manufacturing of commercial aircraft but it also has separate Airbus Defence and Space, defence and space and Airbus Helicopters, helicopter divisions. Airbus has long been the world's leading helicopter manufacturer and, in 2019, also emerged as the world's biggest manufacturer of airliners. The company was incorporated as the European Aeronautic Defence and Space Company (EADS) in the year 2000 through the merger of the French Aérospatiale-Matra, the German DASA and Spanish EADS CASA, CASA. The new entity subsequently acquired full ownership of its subsidiary, ''Airbus Industrie GIE'', a joint venture of European aerospace companies originally incorporated in 1970 to develop and produce Airbus A300, a wide-body aircraft to compete with American-built airliners. EADS rebranded itself as ''Airbus SE'' in 2015. Reflecting its multinational origin, the company operates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pratt & Whitney JT8D
The Pratt & Whitney JT8D is a low-bypass (0.96 to 1) turbofan engine introduced by Pratt & Whitney in February 1963 with the inaugural flight of the Boeing 727. It was a modification of the Pratt & Whitney J52 turbojet engine which powered the US Navy A-6 Intruder and A-4 Skyhawk attack aircraft. Eight models comprise the JT8D standard engine family, covering the thrust range from 12,250 to 17,400 pounds-force (54 to 77 kN), and power the 727, 737-100/200, and DC-9. The updated JT8D-200 family, covering the 18,900 to 21,000 pounds-force (84 to 93 kN), powers the MD-80 and re-engined Super 27 aircraft. The JT8D was built under license in Sweden as the Volvo RM8, a redesigned afterburning derivative for the Saab 37 Viggen fighter. Pratt & Whitney also sells static versions for powerplant and ship propulsion as the FT8. Design The JT8D is an axial-flow front turbofan engine incorporating a two-spool design. There are two coaxially-mounted independent rotati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aerion AS2
The Aerion AS2 was a proposed supersonic business jet that was being developed by Aerion Corporation. In May 2014, it was announced that the Aerion AS2 would be part of a larger Aerion SBJ redesign, which aimed for release after a seven-year developmental period. Aerion partnered with Airbus in September the same year. In December 2017, Airbus was replaced by Lockheed Martin. Its General Electric Affinity engine was unveiled in October 2018. In February 2019, Boeing replaced Lockheed Martin. Development stopped when Aerion ceased operations in May 2021. The Aerion AS2 12-passenger aircraft aimed for Mach 1.6 with a supersonic natural laminar flow wing for a minimum projected range of 4,750 nm (8,800 km). A $4 billion development cost was anticipated, for a market of 300 over 10 years and 500 overall for $120 million each. Development By May 2014, Aerion had invested over $100 million for technological development. The company announced at the May 2014 EBACE t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Letters-of-intent
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, joint venture agreements, real property lease agreements and several other categories of agreements often make use of a letter of intent. The capitalized form ''Letter of Intent'' may be used in legal writing, but only when referring to a specific document under discussion. LOIs resemble short, written contracts, often in tabular form. They are not binding on the parties in their entirety. Many LOIs, however, contain provisions that are binding, such as those governing non-disclosure, governing law, exclusivity or a covenant to negotiate in good faith. A LOI may sometimes be interpreted by a court of law as binding the parties to it if it too-closely resembles a form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Aircraft
Business aircraft are aircraft typically used by companies and corporations to transport people or goods related to the needs of said businesses. Most business aircraft are general aviation aircraft variants of piston or turboprop or business jets. General aviation Piston With the growth of general aviation in the 1930s companies started to purchase single and twin-engined aircraft for business use. A need to move goods and equipment made use of different general aviation aircraft and surplus military transports. In 1963 in the United Kingdom the Maidenhead Organ Studios purchased a twin-engined Beagle B.206 to allow them to deliver electronic organs.Jackson 1974, p. 199 Turboprop For the first half of 2018, while business jets deliveries were relatively flat, new turboprops were up 10%, pressurized ones were up 12%, and King Airs were up 30%. Charter membership Wheels Up, operated by Gama Aviation, saw its flight hours surge by % and expanded its fleet from 99 to 117 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.' Most joint ventures are incorporated, although some, as in the oil and gas industry, are "unincorporated" joint ventures that mimic a corporate entity. With individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "''co-venturers''". A joint venture can take the form of a business. It can also take the form of a project or asset JV, created for the purpose of pursuing one specific project, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aerion SBJ
The Aerion SBJ was a supersonic business jet project designed by American firm Aerion Corporation. Unveiled in 2004, the designer sought a joint venture with a business aircraft manufacturer for a $1.2–1.4 billion development in 7–8 years. Aerion received 50 letters-of-intent before enlarging the design as the Aerion AS2 in 2014. Powered by two Pratt & Whitney JT8D-219 engines, the $80 million aircraft was to transport 8–12 passengers up to Mach 1.6 and up to . Aerion abruptly announced on May 21, 2021 that it will be shutting down due to inability to raise capital. Development In 2003, Aerion commenced a search for a large aerospace partner, including Bombardier Aerospace and Dassault Aviation. The SBJ project was unveiled at the 2004 NBAA convention, backed by US billionaire Robert Bass, with introduction targeted at 2011 for a $1.2–1.4 billion development cost, anticipating a 250–300 aircraft civil market over 10 years. Aerion then planned wind tunnel testi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Type Certificate
A type certificate signifies the airworthiness of a particular category of aircraft, according to its manufacturing design (''type design''). Certification confirms that the aircraft of a new type intended for serial production is in compliance with applicable airworthiness requirements established by the national air law. For up to three seats, Airworthiness certificate#Special Airworthiness Certificate, primary category aircraft certification costs around US$1 million, US$25 million for a general aviation aircraft and hundreds of millions of dollars for a commercial aircraft; certification delays can cost millions of dollars and can decide a program's profitability. Authority A type certificate (TC) is issued to signify the airworthiness of the approved design or "type" of an aircraft to be manufactured. The TC is issued by a regulatory authority, and once issued, the design cannot be changed unless at least part of the process for certification is repeated to cover the changes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
