XTI Aircraft takes steps toward flying prototype

DXTI Aircraft Company (XTI) has taken three important steps toward flying its first piloted TriFan 600 prototype within two years, the company said.

XTI has re-opened its crowdfunding initiative after receiving Securities & Exchange Commission (SEC) approval to sell 20 million shares of common stock to investors. The company accelerated its development schedule with plans to fly a 10 percent scale model in six months after achieving its next USD1.2 million financing milestone and a two-thirds piloted prototype two years after raising additional funds.

The six-seat TriFan 600 will have the speed, range and comfort of a business jet and the ability to take off and land vertically like a helicopter. Using three ducted fans, the aircraft will lift off vertically and its two wing fans rotate forward for a seamless transition to cruise speed, at 400 miles an hour and a range of up to 1,600 miles.

XTI Aircraft Company is a privately owned aviation business based in Denver.