Aerion, the supersonic-jet maker backed by Texas billionaire Robert Bass, plans to choose a manufacturing site during the first half of next year as it targets delivering the first faster-than-sound business aircraft in 2023.

The timeline unveiled Monday fleshes out how Aerion and partner Airbus Group SE intend to build a civilian plane capable of trans-sonic travel, a niche left vacant since the retirement of the Concorde in 2003. The team has made preliminary designs for a carbon-fiber wing structure, fuselage, landing gear and a fuel system, among other components.

Supersonic business jet

Source: Aerion Corp.

"We see clear and achievable technical solutions to the design of a supersonic jet, and a realistic road map for helping Aerion proceed toward construction and flight," Airbus Senior Vice President Ken McKenzie said in a statement.

Airbus will provide major components and Aerion will do the final assembly, the companies said in the statement released at the National Business Aviation Association trade show in Las Vegas. For the production site, Aerion needs a 100-acre (40-hectare) area near a U.S. airport with a runway at least 9,000 feet (2,700 meters) long, The plan is to break ground on the factory in 2018.

Aerion is targeting the first flight of the AS2 for 2021. The project began in 2002 and was put on hold by the 2008-09 financial crisis.

The collaboration with Airbus announced last year increases Aerion's chances of building a private jet that can break the sound barrier. The AS2 is intended to fly efficiently at lower speeds over land because of flight restrictions related to sonic booms. Over oceans, the aircraft can accelerate to Mach 1.5, which is 1.5 times the speed of sound or about 750 miles (1,200 kilometers) per hour at sea level.