Aircraft
XTI Partners With Xeriant To Develop TriFan VTOL
XTI believes its fixed-wing, ducted fan VTOL aircraft will be bought by operators currently using existing business aircraft and helicopters.
XTI Aircraft's TriFan 600 aircraft will be able to carry up to nine passengers up to 750 miles when operating in VTOL mode. (Image: XTI Aircraft)
XTI Aircraft's TriFan 600 aircraft will be able to carry up to nine passengers up to 750 miles when operating in VTOL mode. (Image: XTI Aircraft)

Xeriant Aerospace and XTI Aircraft yesterday announced a 50:50 joint venture through which they aim to bring the hybrid-electric TriFan 600 VTOL to market by the end of 2024. The two companies are forming a new company called Eco-Aero, and Xeriant has committed to investing $10 million in the joint venture over the next 12 months, starting with a $1 million deposit.