In a partnership between Sir Richard Branson and Boom founder, Blake Scholl, the pair aim to bring supersonic transatlantic flights back to the commercial aviation section by 2023.
Mr Scholl, a pilot and former Amazon executive, has already revealed a prototype aircraft, a third of the scale of the anticipated full sized commercial aircraft, which flies between London and New York in just 3.5 hours.
In an announcement, Sir Branson says passengers could expect to pay around £4,000 for a return flight, cheaper than its predecessor, Concorde.
Speaking about the move back into supersonic flights, Sir Branson said, “I have long been passionate about aerospace innovation and the development of high-speed commercial flights. As an innovator in the space, Virgin Galactic’s decision to work with Boom was an easy one. We’re excited to have an option on Boom’s first 10 airframes.”
Boom, which are developing the aircraft, also believe that after New York, flights could be launched to both Tokyo and Sydney.
Sir Branson added, “Through Virgin Galactic’s manufacturing arm, the Spaceship Company, we will provide engineering and manufacturing services, along with flight test support and operations as part of our shared ambitions.”