The plane, according to the patent, would work with a few different propulsion systems. First, turbojets and a rocket motor would propel the plane to a "near-vertical" position in the air, before the plane would turn toward its destination, sent forward by powerful wing-mounted ramjets that would power it to top speed.
But here's the bucket of cold water: patents by Airbus, like any other big company, shouldn't be taken as a firm commitment. There's no guarantee this plane will ever see production; if it did, it's certainly a good while away. On the plus side, at least, dystopian air travel patents might be far away from seeing the light of day, too.