Aerion appeared to have a lot of momentum with seasoned veterans, strong suppliers, and a headquarters site but was unable to convince financial markets.
GE Aviation has said that it has ended work on the Affinity engine as Aerion, which was developing the AS supersonic business jet, has ceased operations.
An expansive MOU between Aerion and sister companies NetJets and FlightSafety International includes purchase rights for 20 AS2s and a new training center.
Aerion is expanding its sales effort with the return of Sean McGeough and padding its AS2 order book with the addition of Set Jet as a launch customer.
Aerion and NASA have signed a third Space Act Agreement to explore propulsion and thermal management technologies for aircraft operating between Mach 3-5.