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high quality apple developer account:Boeing-backed Aerion in talks to go public

admin2021-02-2071

Boeing 737 factory Renton Washington NEW YORK: Aerion Corp, which designs supersonic planes, is in talks to go public through a merger with Altitude Acquisition Corp, according to people with knowledge of the matter. The companies are discussing a deal that would value the combined firm at up to $3 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced as soon as this month, the people said. The talks could still fall apart and end without an agreement, they said. A spokesperson for Aerion, based in Reno, Nevada, declined to comment. A representative for Altitude Acquisition didn’t immediately respond to a request for comment. Aviation giant Boeing Co announced a partnership with Aerion in 2019, along with a significant investment in the company, according to a statement at the time. Aerion had planned to finalise the design of its first supersonic business jet model last year, according to its website. Manufacture of the AS2 will start in 2023 with plans for it to be in service in 2027. Altitude Acquisition, a special purpose acquisition company, or SPAC, raised US$300mil in an initial public offering in December to pursue acquisitions in travel-related businesses, its prospectus shows. Its sponsors have since filed for two more SPAC listings seeking to raise a combined US$550mil, according to filings. — Bloomberg
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