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News: Aerion Folded; What's Next?

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  1. What's Next After Bankruptcy Of Aerion?
    Remember when supersonic contender Aerion was working to resurreect supersonic flight in business aviation? When Aerion suddenly folded and went out of business back in mid 2021 it became one less entity to potentially bring a new supersonic vehicle to market. What happens to Aerion's equipment and facilities they used to propel their ambitions? The last Aerion article JF wrote concerned the liquidation of Aerion by year end, which was the end of 2021. Some partners that were working with Aerion would have been possibly owed monies.
  2. To oversee proceedings a financial advisory consulting and services firm Development Specialists Inc. (DSI) was brought in and they have established September 7th as the deadline for bids for the assets of the now defunct Aerion Corp. DSI was appointed to oversee the sale of the assets of Aerion. The proceeds from this sale will go towards repaying those aforementioned partners like Spirit Aerosystems, GE Aviation and Boeing. The auction date of September 16th has also been set. Joseph Luzinski is senior managing director of DSI and is overseeing the process. "Our goal is to sell all of the assets as a package or sell them in lots to maximize the recovery for creditors," said Luzinski.

    For more information:

    Aerion Supersonic (Former Address)
    5190 Neil Rd., Suite 500
    Reno, NV 89502

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