By S.L. Fuller | February 20, 2018
XTI Aircraft Co. is completing ducts and fans for its 60% TriFan 600 flying prototype. These actions are on schedule and on budget.
“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. We’ll also complete weight and balance, and full structural design,” said Robert LaBelle, CEO of XTI. “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.”
The more than 60 orders XTI has received for the TriFan represent $390 million in sales revenues, LaBelle continued. The company has been making the rounds to various shows, including the Ft. Lauderdale International Boat Show that helped get those orders.
Most recently, XTI announced it would be attending the first-ever Kuwait Aviation Show, which was slated for last month. That was the fourth major trade show XTI had attended in the seven months prior.
“Our entire team is focused on flying the prototype, bringing this revolutionary aircraft to market, and fulfilling those orders,” LaBelle said. “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.”