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XTI Aircraft Company (XTI) announced on Feb. 20 that it is on schedule and on budget as it completes the ducts and fans for its 60 percent scale flying prototype, and moves toward ground testing those components.
“In this Phase 2, we’re fabricating the wing ducts and fans and will perform ground tests for static thrust performance and verification on those components,” said Robert LaBelle, chief executive officer of XTI. “We’ll also complete weight and balance, and full structural design. Fabrication of the entire aircraft will be completed in Phase 3, which will begin in April, followed by two or three months of testing before first flight later this year.”
“We’ve received 60 orders for the airplane,” LaBelle continued, “representing $390 million in sales revenues. Our entire team is focused on flying the prototype, bringing this revolutionary aircraft to market, and fulfilling those orders. The orders indicate higher sales and revenues for the company than we originally estimated. We’re convinced that these new orders, along with the prototype program, significantly reduces the risk for our investors.”
The TriFan is a major breakthrough in aviation and air travel. The six-seat TriFan 600 will have the speed, range and comfort of a luxury business aircraft and the ability to take off and land vertically, like a helicopter. It will travel at over 300 miles an hour, with a range of 1,200 miles.