The company behind the plan has signed important deals for the design and construction of the supersonic jet.
Boom Supersonic has stated that it will have Concorde-style aircraft flying by 2027. The Italian aerospace giant Leonardo is a part of its fuselage.
Boom, who announced the Paris Air Show Tuesday, said that Spain’s Aernnova would design the wings while Aciturri from the same country will work on the tail.
Blake Scholl’s supersonic jets are hoped to be certified for commercial use by 2029.
Already, the company has received 130 orders for its planes, including agreements with United Airlines, American Airlines, and Japan Airlines.
The company has begun construction on a new factory in Greensboro (North Carolina) that will produce 33 planes per year. The construction of a second production line is underway to double the capacity.
Boom’s Overture aircraft will fly 65-80 passengers at Mach 1,700, or approximately 1,300 miles per hours, at 60,000 feet.
The planes are nicknamed “son” of Concorde after the last supersonic jet passenger developed by France and the UK.
Concorde’s final flight took place in 2003. After a deadly crash at Charles de Gaulle Airport in July 2000 that killed 113 people, the Anglo-French Project was put on hold.
Mr Scholl stated: “I wasn’t able to afford a once-in-a-lifetime experience because I was only 22 years old when the flight was shut down. A ticket cost $20,000 today.
“Concorde supersonic flight was really something special. When you go through Mach One there would be caviar, champagne, and a screen that told you you were going supersonic.
The first few Overture flights will also be very special. As I look to the future, what excites me the most is the day when supersonic flights become normal.
Boom hopes to reduce travel times from London to New York to just three and a quarter hours.
Flights between London and Miami could be reduced from nine and a quarter hours to under five.
The industry believes that Sustainable Aviation Fuel (SAF) is the best hope to decarbonise long-range aircraft. Fuel can be produced from bio waste instead of fossil fuels, which are used by jets today.
Despite the fact that SAF is a relatively new fuel, there is a lot of competition among carmakers to get it. They also plan to use it in order to keep combustion engines on the road, after petrol and diesel fuels are banned.
SAF, to be as low carbon as possible must be produced from green hydrogen using renewable energy. This is then combined with the carbon dioxide captured in the air to create the synthetic hydrocarbons.
It is expensive to refine oil, and the use of SAF puts pressure on companies such as Boom that require more fuel per mile compared with subsonic aircraft.
Mr Scholl said that the cost of SAF production would fall as it ramps up to meet demand.
He said, “The current shortage of SAF will not last long.” Prices will drop over time as the supply catches up to demand. It happens in all markets.”
Boom announced that it would buy 10m gallons per year of SAF in partnership with Air Company, Dimensional Energy and other companies who make the fuel using renewable energy and carbon dioxide.
Some aviation enthusiasts have questioned the value of reviving the Concorde due to the comfort of the business class beds, and the ease of working on the plane with the on-board WiFi.
But Mr Scholl remains unperturbed. He insists that his customers value time spent on the ground more.
He said: “Our vision is to create an era where more people will travel more frequently, giving us the benefit of a connected world while not having to worry about our environmental impact.”