Denver-based XTI Aircraft's continuing efforts to develop the TriFan 600 high-speed VTOL have received a boost from the the Paris Air Lab Programming Committee. The committee selected XTI to exhibit this week at the Paris Airshow in space hosted by the French Aerospace Industries Association in coordination with Starburst Accelerator, a major aerospace, defense and security investment fund and consulting firm. The exhibit space is in Concorde Hall.
XTI also will be presenting the TriFan 600 aircraft to a group of investors, major industry and media representatives during a dedicated session tomorrow afternoonat the show. Last year, XTI said it needed to raise approximately $450 million to develop and bring the TriFan to market within six to eight years. To date, the company has raised funds through crowd funding, public stock offering and other investor financing.
The Tri-Fan 600 is a six-place design that features three ducted fans driven by a pair of 2,600-shp Honeywell HTS900 turboshaft engines. Design targets include a service ceiling of 35,000 feet, range of 1,500 nm and a cruise speed of 340 knots. The company plans to fly a subscale demonstrator next year.