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Re:Airbus A350 successfully completes maiden test flight by Shivetya on Friday June 14, 2013 @12:51PM (#5880928)
Well http://www.risingup.com/fars/info/part91-817-FAR.shtml pretty much sums up the whys.

The passenger miles per unit of fuel were not in favor of super sonic planes which were originally developed to compete with the smaller jets (707) that were around when development started. Those jumbos (747) made air travel really cheap.

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