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Startup JetZero builds novel plane to challenge Airbus and Boeing

Created at 2 Jul · 10:09 AM1 source↑ Market-relevant
IN SHORT

California startup JetZero is building a full-size demonstrator of a blended-wing commercial jet, aiming to cut fuel use by up to 50%. The design, partly funded by the U.S. Air Force and with early interest from airlines, faces significant technical and financial hurdles.

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Key Numbers

200+potential passenger capacity
50%potential fuel savings
2030target for first production
$235 millionU.S. Air Force funding
four-yearU.S. Air Force effort duration
$175 millionrecent funding round
100aircraft purchase path for United Airlines
100options for United Airlines aircraft
2028potential public listing year

Who's Involved

JetZero
startup building a blended-wing commercial jet demonstrator
Airbus
major aircraft manufacturer
Boeing
major aircraft manufacturer
United Airlines
airline with early investment and interest
Alaska Airlines
airline with early interest
U.S. Air Force
funder of the demonstrator project
Scaled Composites
Northrop Grumman-owned developer building the test plane
Northrop Grumman
owner of Scaled Composites
Pratt & Whitney
engine supplier for the test plane
Tom O’Leary
CEO of JetZero
NASA
researched blended-wing concepts for decades
Richard Aboulafia
managing director at AeroDynamic Advisory
Bjorn Fehrm
aeronautical engineer and analyst at Leeham News
B Capital
lead investor in JetZero's funding round
United Airlines Ventures
participant in JetZero's funding round
RTX Ventures
participant in JetZero's funding round
SpaceX
rocket and AI company whose IPO is influencing investor interest
Elon Musk
founder of SpaceX
Startup JetZero builds novel plane to challenge Airbus and Boeing

↳ Why This Matters

JetZero's blended-wing design, if successful, could revolutionize commercial air travel by drastically reducing fuel consumption and emissions, potentially reshaping the competitive landscape for major aircraft manufacturers like Airbus and Boeing.

Key facts

  • JetZero is constructing a full-size blended-wing demonstrator aircraft.
  • The new design aims to reduce fuel consumption by up to 50% compared to conventional jets.
  • The company has secured early investment and interest from United Airlines and Alaska Airlines.
  • The U.S. Air Force is providing partial funding for the demonstrator project.
  • JetZero aims for commercial production to begin around 2030.

Inside a hangar in California's Mojave Desert, startup JetZero is constructing a full-size demonstrator of a blended-wing commercial jet, a design that merges the fuselage and wings into a single lifting surface. This novel aircraft, shaped like a manta ray, aims to significantly cut fuel use by up to 50% and could challenge the dominance of established manufacturers like Airbus and Boeing in the lucrative middle-of-the-market segment.

The test plane, scheduled for its first flight by the end of next year, is being built by Scaled Composites, a Northrop Grumman subsidiary, and will use Pratt & Whitney engines. The project has garnered early interest and investment from airlines such as United Airlines and Alaska Airlines, with United potentially buying up to 200 aircraft. The U.S. Air Force is also providing substantial funding, selecting JetZero for a $235 million, four-year effort to develop the demonstrator.

JetZero CEO Tom O’Leary stated that the company is leveraging over 30 years of NASA research and existing technology to bring this concept to fruition. The design replaces the traditional tube fuselage with a wide, flat cabin, offering new interior possibilities and mounting engines above the rear for reduced noise and improved efficiency. The company aims for commercial production to begin around 2030, contingent on certification timelines for the innovative design.

However, significant hurdles remain. Richard Aboulafia of AeroDynamic Advisory noted that JetZero must first prove its promised efficiency gains and then secure billions of dollars in funding for certification. Aeronautical engineer Bjorn Fehrm suggested the design might be better suited for military applications requiring stealth and cargo volume rather than passenger transport. Despite skepticism, JetZero successfully raised $175 million in a recent funding round and plans further rounds, with a potential public listing by 2028, capitalizing on investor interest in aerospace innovation.

Frequently asked questions

A blended-wing aircraft merges its fuselage and wings into a single lifting surface, resembling a manta ray, which aims to improve aerodynamic efficiency and reduce fuel consumption.

JetZero has received investment from United Airlines Ventures, Alaska Airlines, B Capital, Northrop Grumman, and RTX Ventures.

Key challenges include proving the design's efficiency, securing billions in funding for certification, and navigating the complex regulatory process for a novel aircraft concept.

Commercial production is targeted to begin around 2030, but this is dependent on the successful development, testing, and certification of the aircraft.

What Happens Next

01The test plane is scheduled for its first flight by the end of next year.
02JetZero plans a further funding round by the end of this year.
03A public listing for JetZero is potentially planned by 2028.

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How It Developed

JetZero is building a full-size demonstrator of a blended-wing commercial jet.
The test plane is due to fly by the end of next year.
The design could cut fuel use by as much as 50%.
United Airlines and Alaska Airlines have shown early interest and invested.
The demonstrator is partly funded by the U.S. Air Force.
JetZero raised $175 million in a funding round led by B Capital.
A further funding round is planned by the end of this year, with a public listing potentially to follow by 2028.

Sources

T1
In Mojave Desert, startup JetZero builds novel plane to take on Airbus and BoeingReuters

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