XTI Aircraft Company (XTI) announced it has entered into a sales and services agreement with Heliflite, one of the leading aircraft distributors in Australasia.
“This is a major development for XTI,” said XTI Chief Executive Officer Robert LaBelle. “We’re pleased to be working with Heliflite on an exclusive basis in this part of the world. They’ve been providing sales, service and spare parts support to the helicopter industry and other aircraft owners since 1977, and have earned an excellent reputation.”
The company stated that the agreement with Heliflite includes engineering and maintenance services for the TriFan 600, as well as an important role in XTI’s pre-sales and sales program. The exclusive arrangement covers Australia, New Zealand, and the rest of Oceania, as well as Indonesia, and The Philippines.
“Heliflite is looking to the future, anticipating the next big thing in air travel, which has led us to proudly establish this relationship with XTI’s highly experienced design and management team. Heliflite looks very much forward to being instrumental in the Trifan 600’s success in our region,” said Heliflite Director Scott Edmonds.
XTI recently announced it had successfully completed initial hover tests of the TriFan 600 prototype, which tested the vehicle’s autonomous functions and ground control systems, including the electric motors, the battery system, ducts, propellers, flight controls, electrical systems and instrumentation. Future flights will test forward, wing-borne flight, as well as the transition phase between vertical and forward-flight modes.
The company also previously reported it has booked early reservations for 78 aircraft, from customers on six continents, representing almost one-half billion dollars in future gross revenues, and also announced approval of its design and utility patents, recruitment of top industry executives, and strong supplier relationships.
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 Point to Point Travel Ready for Testing vertically, like a helicopter. It will travel at 345 miles an hour, with a range of up to 1,400 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 29,000 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. The latest round of its offerings under Regulation A is open to all unaccredited and accredited investors around the globe. Shares in XTI may be purchased at https://www.startengine.com/xtiaircraft, providing a unique opportunity for the general public to invest in an aerospace company with a gamechanging product, a world-class leadership team, and significant growth potential.
Simultaneously with the equity crowdfunding financing, accredited investors may participate in XTI’s $25 million Series B round. Accredited investors seeking more information should contact Mr. LaBelle at [email protected] (571) 216- 1594.
- Air BP rolls out Airfield Automation digital technology across São Paulo heliports
- Bell Announces Delivery of First Bell 505 to Horizon International Flight Academy
- Frost & Sullivan Presents the Evolving UAM Landscape Up to 2040
- Sikorsky Donates S-76® Airframe
- EASA certifies Safran Aneto-1K in Leonardo AW189K
- New helipad opens at Maidstone Hospital
- CEO of Chinook Helicopters in Abbotsford among nation’s Most Powerful Women
- Southwest Fuel Systems Announces New Triumph Hydromechanical Unit MRO Capability for RR M250 Engines
- Airbus delivers first SAR H145 for German Armed Forces ahead of schedule
- Permali to supply ballistic protection for Royal Navy Commando Merlin fleet
- New app launched for owners to track inspections, maintenance, billing etc
- RYAN AEROSPACE launches HELIMOD Mark III PLUS+ at I/ITSEC
- Elbit helps add Integrated Weapon System to MD530MG
- AMSTAT announces an upgraded Dashboard for AMSTAT Premier and Connect
- Air Evac Lifeteam closes two Arkansas bases
- Horizon purchased Entrol a Bell 505 FTD Level 2 simulator
- Reiser wins Australian Forces contract for MRH90 Maintenance Training Rig
- Major Trauma Centre first in UK to benefit from weather station
- Transformative Vertical Flight 2020 and eVTOL Symposium
- StandardAero and Thales Team on AS350 autopilot