10/19/2004

Two groups are attempting to develop a supersonic business jet. Aerion Corp. wants to develop a plane that would cost about $80 million and carry up to 12 people. Supersonic Aerospace International is led by Michael Paulson, son of the former owner of Gulfstream Aerospace. It says its plane would also cost $80 million and estimates a market demand for up to 400 planes over 10 to 15 years.

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