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.