PLANS have been unveiled for a 3,000mph plane that will fly passengers from New York to London in just 90 minutes.

Aerospace firm Hermeus has won funding to develop supersonic commercial planes that will fly more than five times the speed of sound within 10 years.

The company was set up by alumni from Elon Musk's SpaceX and Jeff Bezos-backed aerospace company Blue Origin – which is planning to fly passengers to the moon.

Hermeus says its planes would travel at speeds of more than 3,000mph with a range of 4,600 miles, and will be powered mostly by existing technology.

They will be built using mostly titanium and Hermeus looks to have a functional demo version ready in the next five years.

The firm hopes the planes would be able to fly passengers from New York to London in less than two hours - quicker than the Concorde flight time of three hours and 15 minutes.

Hermeus co-founder and CEO AJ Piplica said: "We've set out on a journey to revolutionize the global transportation infrastructure, bringing it from the equivalent of dial-up into the broadband era, by radically increasing the speed of travel over long distances."