XTI Lands Up to $55M to Develop VTOL Business Aircraft
The investment gives the company a post-sale valuation of about $275M as it works to develop its flagship TriFan 600.
The investment gives the company a post-sale valuation of about $275M as it works to develop its flagship TriFan 600.
The manufacturer claims the models will comprise the first family of hydrogen-powered, zero-emission, vertical takeoff and landing (VTOL) jets.
The deliveries come less than a month after Gulfstream received FAA type and production certification.
According to show organizers, more than two dozen companies are participating in the recruiting effort.
The company’s newest business aviation engine will power Dassault’s Falcon 10X.
The aviation services company plans to use its large operational footprint to raise awareness of the pervasive crime.
The current CEO of Dassault Aviation gets a vote of confidence from the family company’s leadership.
Inventor Bill Lear sensed a market for small luxury jets when other manufacturers hesitated.
Highlights from the year include increased E-Jet deliveries and military orders for the C-390 Millennium transport.
Andre Stein, co-founder and former CEO of Eve Air Mobility, and Jeff Hurford, former Gulfstream executive, have joined Eviation, the manufacturer of an all-electric aircraft under development in Arlington, Washington.