The combination of the crash in 2000, high costs and a general slump in travel following 9/11 resulted in Concorde being retired in 2003. It was the only fatal crash in Concorde's 27-year history, but it resulted in the aircraft being grounded for over a year, returning to service with a test flight on September 11, 2001. In 2000, Concorde crashed on an Air France flight from Paris to New York, killing 100 passengers, nine crew members and four people on the ground, according to the I paper. However, some business jets can hit speeds of Mach 0.95.Ĭoncorde, an Anglo-French supersonic passenger jet that entered service in 1976, was the only commercial aircraft to routinely travel faster than Mach 1, enabling passengers to travel from London to New York in three and a half hours. Supersonic is defined as travelling at a speed greater than the speed of sound, which around 760 miles per hour at sea level, also known as Mach 1.Ĭommercial jets generally fly between Mach 0.75 and Mach 0.85 at cruising altitude, Walton said. This will be divided up with $85 billion for business jets, $75 billion for commercial and $180 billion for operators. The supersonic industry is predicted to be worth $340 billion by 2040, UBS says. " Implications beyond aero/airlines include air freight, lodging and broader industrials, as 'just-in-time' is redefined (30%+ time savings potential)." "We see supersonic bizjets viable in the late-'20s and supersonic commercial jets in the mid-to-late-'30s with hypersonic travel a decade later," UBS equity analyst Myles Walton said. In a new evidence lab report released on December 1, UBS equity analysts take a deep dive into the current, and future, state of the industry. However, UBS is predicting a return to supersonic travel. The last time passengers could travel at supersonic speeds was in 2003 when Concorde made its final flight. Visit Business Insider's homepage for more stories.īy 2040, UBS envisions business travellers will once again be jetting around the globe faster than the speed of sound.Ī recent UBS evidence lab survey found around 25% of over 6,000 respondents would be willing to pay for speed.Click here to sign up for our weekly newsletter Investing Insider. Business Insider lists the 17 stocks best-positioned to benefit from the booming supersonic industry."We see supersonic bizjets viable in the late-'20s and supersonic commercial jets in the mid-to-late-'30s with hypersonic travel a decade later," said UBS equity analyst, Myles Walton.UBS is predicting that the supersonic jet industry will be worth $340 billion by 2040, according to a new research report.Account icon An icon in the shape of a person's head and shoulders.
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