Boom Supersonic Jet Plan powered by $ 10 million JAL Funding


Boom Technology Inc., which seeks to build a supersonic pbadenger plane, received a $ 10 million investment from Japan Airlines Co. while the Denver-based startup seeks to revive the ultra-fast trips that ended more of a decade back with the Concorde.

Japan Air also agreed to take an option to buy up to 20 aircraft, the two companies said in a joint statement posted on the operator's website . The Asian airline is the second company to publicly announce the intention to buy Boom's supersonic aircraft, after the Virgin Atlantic of billionaire Richard Branson.

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