Boom Supersonic hopes to start initial test flights for its proposed 1,687mph aircraft, nicknamed ‘Baby Boom’ will begin by the end of 2018.
Company founder Blake Scholl has revealed that commercial flights on the full-sized, 55-seater aircraft which is “better than Concorde”, could begin running by 2025.
The new plane, if successful, would be 100mph faster than the iconic Concorde.
Mr Scholl, speaking at the Dubai Airshow, said: “Think about for a moment the families that are separated because of the long flights.
“Think about the trips not taken because when you add up the lost hours, the trip just doesn’t feel worth it.
“That’s where we come in. We are a team of engineers and technologists, brought together for the sole purpose of making our world dramatically more accessible.
“You won’t have to be on the Forbes’ list to be able to fly, it will cost about the same as flying business class today. The ultimate goal is to make supersonic affordable for anyone who flies.”
He also claimed that passengers will not notice the difference with flying in an ordinary airplane.
Mr Scholl said: “This aircraft will be as quiet as the ones flying around the airports today,’ he said, adding that it will also be ‘significantly quieter than Concorde.”
He continued: “Think about for a moment the families that are separated because of the long flights.
“Think about the trips not taken because when you add up the lost hours, the trip just doesn’t feel worth it.
“That’s where we come in. We are a team of engineers and technologists, brought together for the sole purpose of making our world dramatically more accessible.
“You won’t have to be on the Forbes’ list to be able to fly, it will cost about the same as flying business class today. The ultimate goal is to make supersonic affordable for anyone who flies.”
The news comes just months after Mr Scholl revealed that a smaller version of the plane, called the XB-1 will be tested next year.
He also said that Boom had already received 76 orders for its passenger plane from five unnamed airlines.
Boom Supersonic has had a helping hand from Sir Richard Branson. Virgin Atlantic has an option for 10 of the aircraft, while Virgin Galactic, the company’s space-travel wing, will be involved in the testing process.