A limited series version of XTI's TriFan 600 aircraft will feature 100% plant-based materials throughout the custom luxury interior, designed by Matthew Kenney

XTI Aircraft Company, developing the world’s first civilian hybrid-electric fixed-wing vertical takeoff and landing (VTOL) airplane and Matthew Kenney Cuisine (MKC), a leading plant-based lifestyle brand have announced a collaboration to create a custom TriFan 600 model that offers a sustainable travel experience.

"We’re thrilled to work with Matthew and his team as they represent the gold standard in developing sustainable living concepts”
XTI Aircraft CEO Robert LaBelle

This limited series version of the TriFan will feature 100% plant-based materials throughout the custom luxury interior, designed by MKC alongside a sustainable line of luggage. Customers flying the MKC series TriFan 600 will also retain global passes to MKC restaurants, so that they can enjoy elevated plant-based cuisine throughout their travels to more than 20 cities in which the MKC brand is located.

Plant, Food, Wine Restaurant Venice, CA

TriFan 600 VTOL Aircraft

XTI’s CEO Robert LaBelle said, “We’re thrilled to work with Matthew and his team as they represent the gold standard in developing sustainable living concepts, having first started in cuisine and now moving into sustainable materials such as aircraft interiors. XTI is committed to partnering with innovative, industry leaders such as MKC to deliver a truly sustainable travel solution to our customers."

XTI is developing the TriFan 600, a hybrid-electric, long-range VTOL aircraft which the company estimates will reduce CO2 emissions by 40%, compared to similar aircraft. Enabling true point-to-point travel, the TriFan 600 will have a significant impact on the travel footprint without the need for additional infrastructure (using existing VTOL infrastructure, such as helipads and many other surfaces) or a new airspace regulatory framework.

About XTI: XTI Aircraft Company is a privately owned aviation business based near Denver led by a team with a successful track record of bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers, including the reduction of carbon while delivering an equal mission to existing aircraft. For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com.

About MKC: Matthew Kenney is a chef at the forefront of plant-based cuisine, an author of 11 cookbooks and a best-selling memoir, a culinary educator and CEO of Matthew Kenney Cuisine – a multifaceted company specializing in plant-based living throughout several unique markets. The brand provides innovative, high-quality products, services and experiences within culinary art and wellness markets. MKC currently operates over 40 restaurants either open or in development with many more to come. www.matthewkenneycuisine.com

XTI Press Contact:
Saleem Zaheer XTI Aircraft Co.
+1 720-900-6928
Email us here
Visit us on social media: twitter.com/xtiaircraft

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Let’s start by getting the acronyms out of the way! Great progress continues to be made in ushering in a new paradigm in aviation – the launch of Vertical Takeoff & Landing (VTOL) aircraft powered by all-electric, hybrid-electric or hydrogen propulsion (eVTOL). Some e-Conventional Takeoff & Landing (eCTOL) aircraft are also under development. All are grouped under the title Advanced Air Mobility (AAM) with Urban Air Mobility (UAM) covering short intra-city flights (generally less than 60 miles/100 km), with Regional Air Mobility (RAM) covering longer, inter-city flights.

Our focus in this post is on expected ticket prices in the passenger air taxi segment of AAM, which promises direct access to city centers and other population centers using vertiports/heliports, significant reductions (down to zero) in harmful emissions, lower noise, and significant time savings by avoiding surface traffic congestion which is projected to worsen with increasing urbanization in the future.

Cost per Available Seat Mile/Kilometer (CASM/CASK) is a common metric used by operators and airlines to accurately pinpoint their different cost heads. These include Ownership, Fixed and Variable operating costs, and additional airline/operator Indirect operating costs such as marketing and sales, management, ticketing, etc. Including the projected Load Factor (% of seats occupied) and adding a profit margin results in the ticket price.

Publicly available data shared by eVTOL OEMs in investor presentations from 2021 list their CASMs as $0.86 (Joby), $1.06 (Vertical Aerospace), and $3.30 (Archer). What specific costs are/are not included is difficult to discern, especially operator indirect operating costs, which could add up to an additional 20%. These three are 4-passenger eVTOL aircraft. An independent analysis of AAM demand for eVTOL air taxis by Goyal, Reiche, Fernando and Cohen (Sustainability, June 2021)¹ shows a median CASM of $4.75 for a 4-pax eVTOL. Another study by MIT and Eve UAM, June 2021² forecasts a near-term average CASM of $5.99, reducing to $2.17 in the long term. UberX taxi fares in large cities in the US are variable based on demand, from ~$1.50 to ~$3.50/mile, and the MIT study cited above assumes $3/mile in Los Angeles. XTI Aircraft projects a CASM for our 8-pax configuration of the TriFan 600 of $0.80 fully burdened (CASM ranges between $0.66 and $0.80 to account for varying operator/airline costs and includes indirect operating costs). If we average the CASM of the three OEMs and two analyses mentioned above, we get a CASM of $3.19 for the eVTOL aircraft. Here are some illustrative one-way fares in the US assuming a 30% gross profit margin and 75% load factor.

Given the time savings and convenience promised by eVTOLs, several studies have forecast that a small segment of the population will switch to using them, a percentage expected to increase as eVTOL operations scale up and prices drop further. Having more passenger seats and traveling at higher speeds has a direct and significant impact on CASM, and hence ticket prices. This is clearly reflected in the numbers for XTI’s TriFan 600, which travels at twice the speed and with twice the number of passengers. As sector distance increases, the fare difference compared to eVTOLs widens significantly. It is these lower CASMs and resulting affordable fares which will be crucial to making Advanced Air Mobility available to a wider population resulting in mass market penetration.

1. Advanced Air Mobility: Demand Analysis and Market Potential of the Airport Shuttle and Air Taxi Markets https://www.mdpi.com/2071-1050/13/13/7421
2. Demand Potential for Urban Air Mobility: https://eveairmobility.com/eve-is-collaborating-with-mit-to-make-data-driven-decisions-to-build-the-urban-air-mobility-market/  
3. Straight line distance plus 20%

Disclaimer: The XTI TriFan 600 is currently under development. All performance and cost data are estimates based on current testing and analysis and subject to change and FAA certification.

XTI Aircraft and Xeriant Aerospace in JV to develop the TriFan 600  

https://bit.ly/3q5hsVx 

#xtiaircraft #xeriant #aam #uam #airtaxis #mobility #transportation’

We are happy to announce that XTI Aircraft Company has completed a successful raise on the StartEngine platform. We want to thank everyone who invested. Please be patient because it can take up to two weeks to clear all of the investments. You will receive an email directly from StartEngine containing a copy of the fully executed Subscription Agreement. This is proof of your purchase of shares in XTI Aircraft Company.

Please note that your shares are subject to various federal and state regulations, including rules that apply to shares that are not traded on a public stock exchange, as well as the terms of your Subscription Agreement.

If you have any questions or have not received the email after four weeks, send an email to contact@startengine.com.

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We really appreciate your being a part of the future of flight.

Here are some more reasons to invest in the future of flight today:

• Led by the former CEO of AgustaWestland North America and the former President of Cessna Aircraft.
• Over 200 TriFan 600 reservations and firm orders already secured from operators and individuals across six continents.
• Over $1 billion in gross revenues upon delivery of those aircraft.
• A clean tech innovation with 50% noise reduction and 40% CO2 emissions reduction
• 50% decrease in direct operating costs — making private travel affordable for individuals and businesses. 

What was once unimaginable is now possible. If that excites you, why not explore investing in the future of flight today. And don't forget to tell a friend - the offering closes at 11:59pm (MST) on Friday 30th April 2021.

XTI Aircraft Company (XTI) has signed a Memorandum of Understanding (MoU) with Enterprise Estonia, Estonian Aviation Cluster (EAC), and the Estonian Aviation Academy (EAVA) to recognize Estonia as a Regional Mobility hub for the TriFan 600, the world’s first civilian hybrid-electric long-range vertical takeoff and landing (VTOL) airplane.

TriFan 600 VTOL Aircraft over Tallinn  

The organizations intend to collaborate with XTI to establish a corporate presence in Tallinn, Estonia to directly serve the region.

“We are excited to partner with Enterprise Estonia, the EAC, and the EAVA to serve the needs of the regional air mobility market,” said Robert LaBelle, Chief Executive Officer, XTI Aircraft Company. He added: “Given Estonia’s track record of being at the forefront of technology innovation, we intend to foster this relationship to deliver maximum results for both parties to include long range mobility utilizing clean aviation technology, while expanding the country’s aerospace centers of excellence.”

TriFan 600 VTOL Range

Estonia’s unique location in Europe means it could revolutionize regional connectivity by connecting hundreds of active airports and 100 million people inside a circle of 1000 km by using advanced air mobility solutions such as the TriFan 600. Additionally, Estonia intends to become one of Europe’s climate neutral aviation spots with all regional domestic flights becoming net carbon emission-free by 2030.

Sigrid Harjo, Member of Enterprise Estonia’s Management Board said: "The Estonian Investment Agency is very pleased to support advanced technology companies like XTI Aircraft. Estonia embraces innovative solutions and wants to be at the forefront of implementing them, so it’s the perfect place for XTI Aircraft to use as a testbed for its innovative planes and as a regional hub in the future.”

Mr Kristo Reinsalu, General Manager of the EAC, added: "It’s a true honor that aviation pioneer XTI Aircraft has turned its eyes to Estonia with regards to establishing its presence in Europe. We are very excited to see how XTI and VTOL technology can bring Estonian connectivity to a whole new level. Tallinn has enormous potential to become a regional air mobility hub by 2026.”

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As you might know, XTI Aircraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in XTI Aircraft be on the lookout for an email that describes more about the disbursement process.

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[The following is an automated notice from the StartEngine team].

Hello!

As you might know, XTI Aircraft has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in XTI Aircraft be on the lookout for an email that describes more about the disbursement process.

This campaign will continue to accept investments until its indicated closing date.

Thanks for funding the future.

-StartEngine

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the XTI Aircraft offering. Here's an excerpt describing the specifics of the change:

XTI Aircraft is extending their campaign by 60 days.

When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.