Newsroom – American Airlines Announces Agreement to Purchase Boom Supersonic Aperture Aircraft, 20 Aperture Depot

Newsroom - American Airlines Announces Agreement to Purchase Boom Supersonic Aperture Aircraft, 20 Aperture Depot

American, the world’s largest airline, will have the largest supersonic fleet in the world with new Boom Supersonic aircraft


FORT WORTH, Texas and DENVER, August 16, 2022 — American Airlines and Boom Supersonic today announced the airline’s agreement to purchase up to 20 Overture aircraft, with an option for an additional 40. American has paid a non-refundable deposit on the initial 20 aircraft. Overture is expected to carry passengers at twice the speed of today’s fastest commercial airliner.

Boom Supersonic’s Overture would introduce a significant new speed advantage to the US fleet, which is currently the lightest, youngest and most efficient of US network operators. Under the terms of the agreement, Boom must meet industry standard operating, performance and security requirements, as well as American’s other customary conditions before delivering any openings.

“Looking forward, supersonic travel will be an important part of our ability to deliver to our customers,” said Derek Kerr, American’s chief financial officer. “We’re excited about how Boom will shape the future of travel for both our company and our customers.”

Overture is being designed to carry 65 to 80 passengers at Mach 1.7 over water, or twice the speed of today’s fastest commercial jet, with a range of 4,250 nautical miles. Optimized for speed, safety and sustainability, Overture is also being designed to fly more than 600 routes around the world in just half the time. Flying from Miami to London in just under five hours and from Los Angeles to Honolulu in three hours are among the many possibilities.

“We are proud to share our vision for a more connected and sustainable world with American Airlines,” said Blake Scholl, Boom founder and CEO. “We believe Overture can help American deepen its competitive advantage in network, loyalty and overall airline preference through the paradigm-changing benefits of cutting travel times in half.”

In July, Boom revealed the final production design of Overture, which is scheduled to be deployed in 2025 and carry its first passengers in 2029.

About American Airlines Group
To take care of people on Life’s Journey®. Shares of American Airlines Group Inc. they trade on the Nasdaq under the symbol AAL and the company’s stock is included in the S&P 500. Learn more about what’s happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and the Facebook.com/AmericanAirlines.

About Boom Supersonic
Boom Supersonic is transforming air travel with Overture, the world’s fastest airliner, optimized for speed, safety and sustainability. Serving the civilian and government markets, Overture will fly at twice the speed of today’s airliners and is designed to run on 100% sustainable aviation fuel (SAF). Overture’s order book, which includes purchases and options from American Airlines, United Airlines and Japan Airlines, is 130 aircraft. Boom is working with Northrop Grumman for government and defense applications of Overture. Suppliers and partners collaborating with Boom on the Overture program include Collins Aerospace, Eaton, Safran Landing Systems, Rolls-Royce, the United States Air Force, American Express, Climeworks and AWS. For more information, visit https://boomsupersonic.com.

Photos and videos available at https://boomsupersonic.com/press.

Connect with Boom Supersonic on Twitter, LinkedIn, Facebook, Instagram, YouTube.

Cautionary Statement Regarding Forward-Looking Statements and Information
Certain of the statements contained in this release should be considered forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. -Look statements can be identified by words such as “may”, “will”, “expect”, “try”, “anticipate”, “believe”, “estimate”, “plan”, “project” , “could” “should”, “should”, “continue”, “seek”, “goal”, “guidance”, “outlook”, “if current trends continue”, “optimistic”, “forecast” and other similar words. These statements include, but are not limited to, statements about the company’s plans, objectives, expectations, intentions, estimates and strategies for the future, the continued availability of borrowings under revolving credit facilities and other statements that are not historical facts. These forward-looking statements are based on the company’s current objectives, beliefs and expectations, and are subject to significant risks and uncertainties that could cause actual results and financial position and the timing of certain events to differ materially from those in the information. prospective statements These risks and uncertainties include, but are not limited to, those set forth herein, as well as in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (particularly in Part I, point 2. Management’s discussion and analysis). of the financial situation and results of operations and part II, section 1A. Risk Factors), and other risks and uncertainties listed from time to time in other company filings with the Securities and Exchange Commission. In particular, the consequences of the coronavirus outbreak on economic conditions and the travel industry in general and the Company’s financial condition and operating results in particular have been material, rapidly changing and cannot be predicted. In addition, there may be other factors of which the company is not currently aware that may affect the matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The Company undertakes no obligation to publicly update or supplement any forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements other than as required by law. Any forward-looking statement speaks only as of the date hereof or the dates indicated in the statement.





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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!