AMERICAN AIRLINES PLACES DEPOSIT ON 20 SUPERSONIC PLANES

American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying.

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Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including the amount of American’s deposit.

American, which also took options for 40 more Boom Overture planes, becomes the second U.S. customer for Boom after a similar announcement last year from United Airlines for 15 jets.

It has been nearly 20 years since the last supersonic passenger flight by Concorde, the British-French plane that failed to catch on because of the high cost — both for passengers and airlines.

Boom CEO Blake Scholl insists his company’s plane will be different when it debuts in 2029, with tickets costing about $4,000 to $5,000 to fly from New York to London in about three and one-half hours.

“There are tens of millions of passengers every year flying in business class on routes where Overture will give a big speed-up,” Scholl said in an interview, “and airlines will be able to do it profitably.”

Boom says its plane will have a top speed of 1.7 times the speed of sound, or about 1,300 mph, and carry between 65 and 80 passengers.