Since 2003 when the Concorde ceased operations, there has not been a commercial supersonic transport aircraft on the market. This year, the University of Virginia Aircraft Design team will undertake the NASA aeronautics challenged to develop a supersonic business jet. Capable at cruising 1.6 times the speed of sound and carrying ten passengers on routes as far as 4000 nautical miles, the jet will have to incorporate cutting edge technologies such as wing morphing and ionized laminar flow. This small jet will pave the way for the next generation of supersonic aircraft. Additionally, the economic feasibility of a supersonic transport aircraft will be considered. Drawing on environmental factors, transportation demands, historical data, and the current air travel market, the analysis will give a purpose to the work being done by the design team as we prepare to reintroduce supersonic travel.