Aerion Corporation
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Aerion developed the AS2 supersonic business-jet program.
02 / Aerion Corporation FAILURE REASONS
Failure reasons
Aerion ran out of money. Despite an $11.2 billion sales backlog for the AS2, high-profile partners including Boeing, and plans for a $375 million production facility, the company could not close the large new capital requirements needed to finalize the AS2's transition into production in the prevailing financial environment. It abruptly announced on May 21, 2021 that it was shutting down.
03 / EVENT HISTORY
Events in the structured record
- Operations ended
Aerion Corporation ended operations.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
On May 21, 2021, Aerion Corporation abruptly announced it was shutting down, citing the inability to raise the capital needed to move the AS2 supersonic business jet into production; it closed its Melbourne, Florida office that same day.
- 02
The company elected to wind down through an Assignment for the Benefit of Creditors under Florida Statutes - an alternative to bankruptcy - and its assets were sold off at auction in September 2021.