Ctrip makes strategic investment in supersonic jet plane developer Boom

Updated 2018-04-27 14:39:06

Shanghai-based Ctrip.com Inc has invested in U.S.-based supersonic airplane developer Boom Supersonic, which is developing next-generation airplanes to halve flight times from China to the United States, South Asia and Oceania.

The two companies will work together to bring Boom's still being developed Mach 2.2 airliner to China so that passengers can fly from Shanghai to San Francisco in 6 hours, down from the current 11 hours. The flight time between Beijing and Shanghai will shrink to 40 minutes from 2 hours now, the companies said.

"Ctrip is making a strategic investment in the next generation of travel," James Liang, the firm's co-founder and executive chairman, said in a statement as China's biggest online travel agency plans to diversify business to "all things related to travelling" through investment and globalization. No details of the investment have been released.

Boom is building a supersonic airliner capable of carrying 55 passengers at Mach 2.2, more than twice as fast as current passenger airplanes.

Boom Supersonic, whose other investors include 8VC, RRE, Lightbank and Y Combinator, has so far raised US million. Japan Airlines and Virgin Group are also touted as its potential customers.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 21 2018 19:18:26

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 21 2018 19:18:26

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 21 2018 19:18:26

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords