So Long Concorde, Hello Corporate Jets?

[tycoonjack]

So Long Concorde, Hello Corporate Jets?

Already missing the Concorde? A speedy replacement may soon be coming to an airport near you.

Aircraft manufacturers say a number of leading airlines are looking at introducing trans-Atlantic corporate jet services which, though slower than the supersonic Concorde, would still slash waiting times for rushed business travelers.

Smaller companies like NetJets, a unit of Warren Buffett's Berkshire Hathaway, are also pursuing passengers who used the sleek jet. They are targeting smaller private airports outside of big cities such as London and New York.

"The retiring of the Concorde has opened up a new market," said Noel Forgeard, Chief Executive of Toulouse-based jet maker Airbus in a briefing at the Paris Air Show.