Airbus and Aerion have unveiled the supersonic AS2 plane – dubbed the Son of Concorde.
The jet aircraft will be able to fly from London to New York in three hours, according to a report by the Daily Mail, and will travel at speeds of 1,900km/h – almost as fast as the original Concorde.
A manufacturing site will be chosen in 2016 for the project, with test flights expected to start in 2021.
The plane will feature a 10m-long cabin, carbon fibre wing structure, and should hold up to 12 passengers.
“We see clear and achievable technical solutions to the design of a supersonic jet, and a realistic road map for helping Aerion proceed toward construction and flight,” said Airbus.
Airbus will provide the major components and Aerion will complete the final assembly.
The cost of the project is expected to reach more than $100 million (R1.4 billion).