Boom Supersonic Overture: all you need to know about the 'new Concorde'


Ian Oxborrow
  • English
  • Arabic

If there was one thing that could be changed when it comes to flights, most travellers would probably say the seemingly endless hours spent in the sky.

So, what if that time could be substantially cut?

Boom Supersonic, the US plane manufacturer, plans to have the answer with its new Overture jet, which is set to transport customers at twice the speed of today's fastest commercial aircraft, and is regarded as "the new Concorde".

Here's all you need to know about the Overture:

By how much will Overture cut travel times?

It proposes to take passengers from New York to London in only 3.5 hours, with its four wing-mounted engines allowing it to cruise faster than the speed of sound when flying over water, and at just under Mach 1 when flying above land.

This would also allow it to do Los Angeles to Sydney in eight hours — a trip that usually takes around 15 hours. Overture is being designed to fly more than 600 routes around the world.

What are its specifications?

Boom puts the Overture's range at 4,888 miles, which is somewhat below the likes of the superjumbo Airbus A380, which can fly more than 8,000 miles. Overture is, after all, built for speed.

It is 201 feet long, has a wingspan of 106 feet, will cruise at an altitude of 60,000 feet and is planned to carry between 65 and 80 passengers at a time.

Boom said the design is the culmination of 26 million core-hours of simulated software designs, five wind tunnel tests, and the careful evaluation of 51 full design iterations, resulting in an economically and environmentally sustainable supersonic airliner.

“Aviation has not seen a giant leap in decades. Overture is revolutionary in its design, and it will fundamentally change how we think about distance,” said Boom founder and chief executive Blake Scholl.

A larger diameter towards the front of the aircraft and a smaller diameter towards the rear minimises drag and maximises fuel efficiency at supersonic speeds.

Carbon composite materials, which are lighter, stronger, and more thermally stable than traditional metal construction, are incorporated into the majority of the build.

When will it be ready?

Its first full-scale manufacturing facility at Piedmont Triad International Airport in Greensboro, North Carolina, was announced in January. It will include the final assembly line, test facility and customer delivery centre.

Boom said it will create more than 1,750 jobs in North Carolina by 2030, expanding to a total of more than 2,400 jobs by 2032.

The Overture Superfactory will begin production in 2024. The first Overture aircraft is expected to roll out in 2025, fly in 2026, and carry its first passengers by 2029.

“With some of the country’s best and brightest aviation talent, key suppliers, and the state of North Carolina’s continued support, Boom is confident that Greensboro will emerge as the world’s supersonic manufacturing hub," said Mr Scholl.

However, Boom does not yet have an engine manufacturer lined up. It is talking with Rolls Royce and others.

“With a supersonic jet, you don't design a plane, you design an engine first,” Richard Aboulafia, an aerospace analyst at consultant AeroDynamic Advisory, told Bloomberg. “This is just a collection of freehand drawings until that engine happens.”

Boom Supersonic co-founder, Blake Scholl. AFP
Boom Supersonic co-founder, Blake Scholl. AFP

Which airlines have placed orders?

American Airlines on Tuesday confirmed an order for 20 Overture aircraft, with an option for an additional 40. American paid a non-refundable deposit on the initial 20 aircraft.

United Airlines last year agreed to a similar deal with Boom, announcing it would purchase 15 Overture jets once safety, sustainability and operating requirements were met. United has the option to purchase an additional 35 supersonic jets.

Virgin, meanwhile, signed an option to buy 10 of the planes back in 2016.

The plane carries a list price of $200 million.

How does it compare to Concorde?

Concorde was the king of the skies when it came to speedy travel from when it was introduced in 1976 until it was retired in 2003, three years after an Air France flight crashed into a hotel, killing everyone on board.

The first supersonic passenger-carrying commercial jet was similar in size to the Overture at 202ft long, while its maximum range was 4,500 miles and it carried up to 100 passengers.

“Concorde was a technological marvel of its time, but economically and environmentally unsustainable,” said Mr Scholl last year.

Concorde's operating cruise speed was Mach 2, about 1,350mph. It flew from London to New York in about three hours.

Is Overture sustainable?

Boom says it is the first commercial aircraft manufacturer to incorporate sustainability from day one.

Overture’s fleet will be able to run on 100 per cent sustainable aviation fuels.

Overture’s LEED-certified production facility will leverage clean electricity generation and facilitate waste-minimising assembly.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A
Updated: August 23, 2022, 5:52 AM