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Mesa Air Group “to buy up to 100 XTI Aerospace TriFan 600 aircraft”

XTI Aerospace has announced that Mesa Air Group is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company (“XTI”) for up to 100 TriFan 600 aircraft, a fixed-wing, vertical lift crossover airplane (VLCA), which is currently in development.

“If all conditions are met and the order is fully exercised, it could represent up to approximately USD1 billion in revenue for XTI Aerospace,” said XTI in a press release. “XTI Aerospace also announced that Mesa is an investor in XTI Aerospace, with warrants and a minority stake in common stock shares.

Scott Pomeroy, chairman and chief executive officer of XTI Aerospace commented, “We are excited to have secured this conditional pre-order and position from Mesa Airlines and believe it serves as further validation of the substantial and untapped market for our aircraft. With a maximum speed of 345 mph and a range of 700 miles, we believe the TriFan 600 will be an ideal alternative to existing aircraft for regional passengers.”

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(Image: XTI)

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