New plane could revolutionize air travel

Daily Mail:
The much-anticipated Celera 500L 'bullet' plane which is set to revolutionize private air travel has been revealed.

Developed by California-based Otto Aviation, the Celera is a six-person craft they say boasts groundbreaking fuel efficiency with eight times less consumption.

Yet, it can still fly at jet speeds with a maximum cruising speed of 460 miles per hour, while having a range of more than 4,500 miles, twice that of other aircraft the same size.

Powered by a RED A03 engine, the aircraft is expected to be on commercial sale by 2025 but the cost is not yet known until main production begins. 
Scroll down for video  
The first official images of the Celera 500L were launched this week. Its developer Otto Aviation claims is will revolutionize private air travel with its low costs and speed
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The first official images of the Celera 500L were launched this week. Its developer Otto Aviation claims is will revolutionize private air travel with its low costs and speed
It has the capability to run at 18 to 25 miles-per-gallon fuel economy compared to the 2-3 miles-per-gallon used by a comparably sized jet aircraft, driving hourly operating costs down to at $328 per hour. 
According to a press release from Otto Aviation Wednesday, this makes it the 'most environmentally friendly airplane in its class and presents a major leap forward in the effort to develop a zero-emission air transportation system'. 
...
There is more including video.

It is an interesting aircraft with stubby wings.  It has jet engines as well as a prop on the tail.

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