Pre-sales program orders now at 76 airplanes
“The market continues to recognize the value proposition of our unique and revolutionary airplane with its cleaner state-of-the-art hybrid-electric propulsion system.”
— Robert LaBelle, CEO XTI Aircraft
DENVER, CO, USA, December 4, 2018 /EINPresswire.com/ -- XTI Aircraft Company (XTI) announced today that customers in North America, Europe, and the Middle East have placed twelve additional orders for the TriFan 600 vertical takeoff airplane under XTI’s pre-sales program.
“This brings our backlog to 76,” said Robert LaBelle, Chief Executive Officer of XTI. “The new orders come at an excellent time,” LaBelle continued, “because this solidifies our budget and improves our revenue projections as we head into the initial flight tests for our 65% scale Proof of Concept aircraft. The total number of orders represents $494 million in gross revenues upon delivery of the aircraft.”
"With these twelve new orders in just the past week,” said LaBelle, “the market continues to recognize the value proposition of our unique and revolutionary airplane with its cleaner state-of-the-art hybrid-electric propulsion system, extremely low operating costs, and patented technology. Vertical takeoff combined with the ability to fly long-range and the speed and comfort of a business aircraft.”
The company previously announced 64 orders from customers in the U.S., Japan, Australia, India, Brazil, the Middle East, and Europe, beginning with the first orders at last year’s Paris Air Show. This was followed by orders at the October 2017 and October 2018 NBAA conventions.
The TriFan 600 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 345 miles an hour, with a range of up to 1,200 miles. Using three ducted fans, the TriFan lifts off vertically. Its two wing fans then rotate forward for a seamless transition to cruise speed and its initial climb. It will reach 30,000 feet in just ten minutes and cruise to the destination as a highly efficient business aircraft.
XTI launched a formal stock offering in 2016 under SEC Regulation A+, which is open to all unaccredited and accredited investors around the globe. Shares in XTI may be purchased at www.startengine.com/xti-aircraft providing a unique opportunity for the general public to invest in an aerospace company with a game-changing product, a world-class leadership team, and significant growth potential.
ABOUT XTI AIRCRAFT COMPANY
XTI Aircraft Company is a privately owned aviation business based near Denver. XTI is guided by a leadership team with decades of experience, a deep well of expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.
Media Contact for XTI Aircraft Company:
Chief Executive Officer
XTI Aircraft Company
Englewood, Colorado 80112
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