Supersonic air travel is one of those things (like flying cars and instant pizza machines) that we thought would be ubiquitous by this point. Yet, there hasn’t been a supersonic passenger jet in consistent operation in more than 10 years. Aviation startup Boom Technology has unveiled what it hopes will change all that: the XB-1 Supersonic Demonstrator, a speedy passenger jet that is the modern answer to the Concorde. The supersonic jet will cut the duration of long trips in half – NYC to London would take 3.5 hours instead of seven, while the 15-hour flight from Los Angeles to Sydney would be slashed down to a mere 6 hours and 45 minutes.

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Nicknamed “Baby Boom,” the one-third scale prototype is taking the first steps to drum up excitement about the next generation of supersonic air transportation. The plane was revealed at an event Tuesday evening at the startup’s Hangar 14 at Centennial Airport in Denver, Colorado. Despite being one-third the size of an actual passenger jet, the Baby Boom was created as an accurate representation of the style, shape, and proportions of the full-size design. Although the unveiling met with oohs and ahhs from the media and industry experts, there was no incredible demonstration of supersonic speed at the ceremony. Baby Boom will not take to the air currents until sometime in late 2017.

Related: Supersonic jet will fly from NY to London in 3 hours at half the price of the Concorde

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Boom’s full-size XB-1 is designed to carry 44 passengers on long-distance flights, and the company says it plans to be operating by 2020. A ticket on the ultra-fast jet will cost around $5,000, which the company considers affordable given the expense of the airplane and its fuel. The supersonic jet makes use of three General Electric J85-21 non-afterburning engines, Honeywell avionics, and carbon composite materials for a powerful yet lightweight aircraft.

Boom says the XB-1 takes inspiration from the Concorde, particularly in regard to its design. In order to create the next-generation of supersonic passenger jets, Boom tapped experts from NASA, SpaceX, and Boeing to contribute to the design process. If Boom’s XB-1 is successful in launching commercial operations, it will be the first supersonic passenger jet to due so since the Concorde was retired in 2003 following 27 years of high-speed flights.

Via New Atlas and The Verge

Images via Boom Technology