The Concorde could return to the skies for a dramatic fly-past during the 2012 Olympics in London.
Previous attempts to revive the iconic aircraft have been dismissed by British Airways.
According to the Daily Express, experts inspected the Rolls-Royce engines of one of the Anglo-French planes and found it to be in near-perfect condition.
The Air France model is based at Le Bourget Air and Space Museum near Paris.
The French Concorde, (F-BTSD), or Sierra Delta, was one of the youngest of the fleet and had been fully overhauled just three months before the planes were grounded.
Ben Lord, acting chairman of the British-based Save Concorde Group, said: “We believe that we could raise the cash by commercial sponsorship. One sponsor has already pledged £1 million.”
Concorde was the fastest way to cross the Atlantic at speeds of 1334mph in three-and-a-half hours twice the speed of an ordinary airliner.
