The ‘bullet’ airplane that could revolutionize business aviation

Jacopo Prisco at CNN:

Otto Celera 500L, it’s one that catches the eye. It looks like no other plane out there, and for a good reason: unique aerodynamics.

The shape of the Celera is designed to drastically reduce drag by allowing air to flow very smoothly over the surface of the plane. That makes the aircraft less power-hungry, which means it burns less fuel.

“This gets us four to five times the efficiency of other turboprop aircraft, and seven to eight times the efficiency of jet aircraft,” says William Otto Jr., CEO of Otto Aviation.

In numbers, that means operating costs that trounce those of similarly sized business planes. According to Otto Aviation, flying on the Celera will cost $328 an hour compared to $2,100, with a fuel economy of 18 to 25 miles per gallon — similar to that of a large SUV — compared to two to three miles per gallon.

All of that with enough space for six passengers, a speed of 460 miles-per-hour and a range of 4,500 miles, comparable to that of an airliner. Is it all too good to be true?

More here.