The White House is announcing billions of dollars in new funding for train projects from coast to coast.
21.11.2023 - 13:18 / breakingtravelnews.com
Boom Supersonic, the company building the world’s fastest airliner, announced multiple milestones across the Overture airliner, Symphony engine, and XB-1 supersonic demonstrator programs.
The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF). Boom’s total funding to date now exceeds $700 million.
“Our goal is to bring the world closer together through faster flights,” said Blake Scholl, founder and CEO of Boom Supersonic. “We’re excited to collaborate with partners and investors around the globe as we work to realize our shared vision.”
Announced on October 24, the NEOM Investment Fund is the strategic investment arm of NEOM, the sustainable regional development in northwest Saudi Arabia. As part of the agreement, Boom and NIF will collaborate on opportunities to make the Gulf region dramatically more accessible, through the power of supersonic flight. The NIF investment now takes Boom’s total funding from investment and other capital sources to more than $700 million.
XB-1 readying for first flight this year
Boom achieved key milestones toward XB-1’s historic first flight, which remains on track for later this year at the Mojave Air & Space Port. After the receipt of its airworthiness certificate from the Federal Aviation Administration (FAA), XB-1 has recently completed successfully a number of integrated tests, including ground vibration mode testing, fuel system integrated testing, engine operability testing, and medium-speed taxi testing up to 90 knots. Following its Flight Readiness Review (FRR) last week, XB-1 will conduct high-speed taxi testing in final preparation for its first flight.
Symphony propulsion system hits development milestone
Boom also announced that Symphony, the Boom-developed propulsion system purpose-built for sustainable and economical supersonic flight, has successfully conducted its key 2023 engineering milestone, known as the Conceptual Design Review (CoDR). This important achievement paves the way toward Symphony’s first hardware rig tests planned for 2024.
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Overture Superfactory construction ahead of schedule
In late September, Boom commemorated the “topping out” of the Overture Superfactory at the Piedmont Triad Airport in Greensboro, North Carolina, signifying the completion of the building’s frame. Over the past six weeks, the company has finished the decking on the top of the structure, poured the concrete flooring, and installed the metal side wall panels. The work to complete the Overture Superfactory is now ahead of its original schedule with completion anticipated in the second quarter of 2024.
For more information about Overture, please visit:
The White House is announcing billions of dollars in new funding for train projects from coast to coast.
Dubai’s home-grown hotel group FIVE is looking at potentially expanding beyond the emirate into the world’s largest hospitality markets. This includes a potential resort in party haven Las Vegas and in the conservative Gulf kingdom Saudi Arabia.
High-speed rail in the United States may soon be a reality. The White House recently announced the allocation of $8.2 billion in funding for several key rail projects including a Las Vegas to Los Angeles corridor; a Raleigh, North Carolina to Richmond, Virginia, route; new service throughout California’s central valley; and more. The investment is a component of President Joe Biden’s “Investing in America” Agenda. While high-speed rail has been a popular wish among travelers for many years, the allocation of funding helps put the project in motion, with one administration official sharing with Travel + Leisure that the Las Vegas to Los Angeles route could be completed in advance of the 2028 Olympics in Los Angeles. “If you’ve ever seen the standard of passenger rail service in Japan, Germany, Spain, or Italy, and come home and wondered, 'Why can’t we have these nice things?’ This is the beginning of the answer to that. Help is on the way,” Pete Buttigieg, the U.S. Secretary of Transportation, told T+L during a press briefing on the announcement. Buttigieg said that the lack of investment in new rail services over the last several decades is a trend that is now being reversed and that while change won’t happen overnight, travelers will see improvements within a few years. Over 35 rail projects were named as part of the funding announcement, including:
Las Vegas travelers are a $3 billion step closer to speeding through the Mojave Desert on a high-speed train linking Sin City with Southern California.
Margaritaville at Sea’s newest flagship vessel will offer longer, 4- and 5-night cruises with stops to Key West, Cozumel, and Progreso beginning in June 2024.
The master developer of Saudi Arabia’s super-luxury island tourism project, The Red Sea, is working on another giga-project that will house more affordable hotel options and tap into a market — millions of travelers strong. Red Sea Global (RSG) group CEO John Pagano confirmed the development to Skift, adding that it will open before 2030 and introduce thousands more hotel rooms to the kingdom’s burgeoning tourism sector.
Aligned with NEOM’s commitment to conservation, Siranna will complement its coastal location and be delivered sustainably.
Saudi Arabia’s Public Investment Fund has acquired a significant minority stake in Rocco Forte Hotels, the luxury hotel operator said Monday.
The Board of Directors of NEOM has unveiled Siranna, an exclusive tourism escape, and the latest destination to be announced by the sustainable regional development evolving in northwest Saudi Arabia.
In a high-profile showdown, Rome, Busan and Riyadh are the top contenders to become the host city of the 2030 World Expo, with the organizing body choosing the winner on Tuesday.
The Middle East’s travel and tourism ambitions can seem unbelievable: 150 million visitors into the once-closed off Saudi Arabia, 40 million visitors to the UAE – big goals keep getting more ambitious. The Skift Global Forum East returns to Dubai from December 12 to 14 and we’ll be speaking to the most important travel executives from the region to better understand how it might all play out.
During the summit, the Saudi Crown Prince, who is the visionary behind the Saudi Vision 2030, addressed tourism ministers, industry professionals, and leaders.