Aviation news analysis
50 SKY SHADES - World aviation news

XTI Aircraft exceeds $1 million in equity crowdfunding investments

Download: Printable PDF Date: 21 Apr 2016 11:17 categories:
Publisher:
XTI Aircraft exceeds $1 million in equity crowdfunding investments - Finance publisher
Tatjana Obrazcova
Country: United States Aircraft: Airplanes

After capturing the imagination of the public with its TriFan 600 vertical takeoff airplane, XTI Aircraft Company (XTI) is accelerating its development program and redoubling efforts to translate excitement about the aircraft into $3 million in actual investments.

The $3 million milestone is essential to fund important next steps in an accelerated development program that includes flying a 65 percent subscale piloted technology demonstrator of the TriFan 600 within two years. "The move from a full-scale flying prototype to this subscale will trim a year from the development schedule," said XTI's Chief Engineer Dr. Dennis Olcott. "It will reduce cost and accelerate the return on equity to shareholders without compromising technical development or performance."

Brody added that all current and future shareholders will have the ability to buy and sell XTI shares, valued at $1 per share in the current offering, on a public market. This ongoing investment opportunity is not only open to those who had signed up and expressed interest in investing in XTI previously, but to all investors around the globe.  Shares may be purchased at:www.startengine.com/startup/xti 

By applying existing technologies in a revolutionary new configuration, the TriFan 600 airplane combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter. 



Loading comments for XTI Aircraft exceeds $1 million in equity crowdfunding investments...


Recommended

Production Milestone for Pratt & Whitney GTF™ PW1200G Engine at Mitsubishi Heavy Industries Aero Engines in Japan

Pratt & Whitney and Mitsubishi Heavy Industries Aero Engines Ltd. recently achieved a significant production milestone on the Pratt & Whitney GTF PW1200G engine, powering the Mitsubi...

Dassault Falcon 8X in the spotlight at MEBAA 2018

Ultra-long range Falcon 8X, new Falcon 6X driving Middle East sales. Dassault Aviation will highlight its ultra-long range Falcon 8X and new Falcon 6X ultra widebody twinjet at the Middle East &...

Maintenance center for Russian aircraft opens in Peru

The maintenance and repair center for Russian-made helicopters Helicentro Peru has been launched in Lima at the facilities of the Peruvian Air Force Maintenance Service – SEMAN. Built in pa...

New fare structure offering passengers more choice - Lite, Value and Flex by FlyDubai

Dubai-based flydubai launches new fare types offering passengers more choice when travelling in Economy. The new fare types are applicable for all bookings made from 02 December onwards and allows pas...