Boom Supersonic, the company building what it claims will be the world’s fastest and most sustainable supersonic airliner, has announced plans for its “superfactory” in North Carolina.

The new Overture Superfactory will be located at Piedmont Triad International Airport (PTI) in Greensboro and serve as the company’s primary manufacturing and production site.

Boom’s Overture aircraft – which will cruise at supersonic speeds, cutting many flight times in half – is designed to run on 100% sustainable aviation fuels (SAFs) and is being developed with responsible manufacturing processes and aircraft end-of-life recycling in mind.

In addition, the Greensboro assembly line will be LEED-certified.

Boom plans to break ground on its facility – which will bring an investment of more than $500 million (£372m) – later this year and start production in 2024.

It is expected to create more than 1,750 new jobs by 2030 and expand it to a total of 2,400 jobs by 2032.

Blake Scholl, Founder and CEO of Boom Supersonic said: “Selecting the site for Overture manufacturing is a significant step forward in bringing sustainable supersonic air travel to passengers and airlines.

“With some of the country’s best and brightest aviation talent, key suppliers and the state of North Carolina’s continued support, Boom is confident that Greensboro will emerge as the world’s supersonic manufacturing hub.”

Boom cites economists in North Carolina, who have estimated the Overture Superfactory to grow the state’s economy by at least $32.2 billion (£24bn) over 20 years.

North Carolina Governor Roy Cooper added: “It is both poetic and logical that Boom Supersonic would choose the state that’s first in flight for its first manufacturing plant.

“Like the success of the Wright Brothers at Kitty Hawk, this innovative company will succeed by transforming passenger air travel with speed and sustainable energy.”