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1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

Iran's president admits 'we have many problems' and missiles 'are of no use' as the U.S. chokes its economy while weakening Tehran's grip on Hormuz

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Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners

This Will Be ‘The Next Big Thing,’ According to Richard Branson

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February 14, 2018, 2:52 PM ET
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Supersonic jetliner travel, which ended more than a decade ago with the Concorde, will make a comeback and transform the aviation industry in coming years, according to billionaire Richard Branson.

“The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people traveling around the world in next to no time,” Branson told Bloomberg Television in an interview in Washington Tuesday. “And hopefully in a relatively environmentally friendly way.”

Branson’s Virgin Galactic is already working with Boom Technology Inc. on its supersonic jet, and Japan Airlines Co. in December took an option to buy as many as 20 of the aircraft from the Colorado startup.

To read more about the return of supersonic travel, click here

Boom is planning to build a 45- to 55-seat aircraft that cruises at Mach 2.2 (about 1,500 miles per hour) — capable of whisking passengers between New York and London in about three hours. The Concorde, flown by British Airways and Air France, retired in 2003 after almost three decades in service as customers, weighed down by hefty operating costs, abandoned the jets.

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