ENGLEWOOD, Colo. - XTI Aerospace, Inc. in Englewood, Colo. announced that its subsidiary, XTI Aircraft Company, has signed a letter of intent with the AVX Aircraft Company in Fort Worth, Texas to provide development, design, and certification services for the TriFan 600, a fixed-wing aircraft with vertical takeoff and landing (VTOL) capability.
The definitive agreements are expected to be signed in the coming weeks. Under the proposed terms, XTI will manage the TriFan 600 program, while AVX will be the prime contractor, handling detailed design, program management, subcontract management, and certification support services.
The TriFan 600 is expected to combine the comfort, speed, and range of similar-sized conventional business aircraft with the flexibility and convenience of VTOL.
Related: Xeriant announces VTOL joint venture with XTI
"The relationship with AVX provides XTI Aircraft with seasoned engineering talent and a company highly experienced in designing and developing vertical lift aircraft technology," said Scott Pomeroy, chairman and CEO of XTI Aerospace. "AVX will help refine our current design, which we expect will accelerate the TriFan 600 development program while significantly reducing expenses for certain engineering capabilities and services."
"There are numerous use cases for the TriFan 600 within the Part 91 business, Part 135 charter service, and Part 121 scheduled service operations, in addition to special mission roles such as medevac and rescue where time is critical," said Don Purdy, XTI Aerospace Senior Vice President of Business and Program Development. "We look forward to working closely with AVX in the coming months."
Kendall Goodman, president of AVX, said, "The AVX team is delighted to work with XTI on this development program and apply our decades of rotorcraft engineering experience to the TriFan 600. We look forward to working hand-in-hand with the XTI leadership team to deliver this market-driven solution for their customers."
