Boeing's Sonic Cruiser Is Grounded

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It's not yet official, but it appears that Boeing's Sonic Cruiser program may never get off the ground. Fortune Magazine claims that the design -- which was introduced 21 months ago -- has not drawn the interest of a single airline. A weak market and shifting customer preferences is the company's "official" response to its withdrawal of the plane that "will change the way the world flies." Boeing once claimed the Sonic Cruiser would be capable of transporting 225 passengers at near the speed of sound, with high fuel efficiency. "The process of getting to a new airplane is a tortuous road," says chairman and CEO Phil Condit. "By the end of the year we will have arrived at a decision about where we think we ought to go." Stay tuned.