Xeriant and XTI Aircraft Form Joint Venture To Bring TriFan 600 VTOL Aircraft To Market

At a June 14 press conference Xeriant and XTI Aircraft confirmed plans for a 50:50 joint venture to pursue type certification for the hybrid-electric TriFan 600 VTOL aircraft.

XTI Aircraft press conference — XTI Aircraft and Xeriant Aerospace held a press conference in Denver on June 14 to announce their new joint venture, with XTI CEO Robert LaBelle providing an update on the TriFan 600 VTOL aircraft. (Image: Xeriant)

By Charles Alcock • Managing Editor

June 15, 2021

Xeriant Aerospace and XTI Aircraft this week confirmed the launch of a joint venture through which they aim to bring the hybrid-electric TriFan 600 VTOL aircraft to market by the end of 2024. However, during a June 14 press conference in Denver, the two companies did not provide details as to how the venture will be structured financially and what role Florida-based Xeriant will take in the program.

However, in an 8K Securities and Exchange Commission filing on June 4, Xeriant declared that the partners are forming a new company called Eco-Aero, in which they will each hold a 50 percent stake. Xeriant has committed to investing $10 million in the joint venture over the next 12 months, starting with a $1 million deposit.

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