XTI Aerospace Announces Mesa Airlines' Investment in XTI and Conditional Pre-Order for 100 TriFan 600 Aircraft [Yahoo! Finance]
XTI Aerospace, Inc. (XTIA)
Company Research
Source: Yahoo! Finance
Group, Inc. ("Mesa") (Nasdaq: MESA) ("Mesa"), the holding company of regional air carrier Mesa Airlines, is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company ("XTI"), a wholly-owned subsidiary of the Company, 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 $1 billion in revenue for XTI Aerospace. XTI Aerospace also announced that Mesa is an investor in XTI Aerospace, with warrants and a minority stake in common stock shares. Jonathan Ornstein , chairman and chief executive officer of Mesa Air Group, stated, "Over the past thirty years, we have witnessed the regional aviation industry evolve from flying piston-engine, nine-passenger aircraft, to turboprop aircraft, to large regional jets. Advanced air mobility is a new chapter that I am particularly excited about, g
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News
- Damon Motors Provides Update on Business Combination with Grafiti Holding [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Files New U.S. Patent Application on Innovations and Submits Global PCT Patent Application for the TriFan 600 Vertical Takeoff Airplane [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Files New U.S. Patent Application on Innovations and Submits Global PCT Patent Application for the TriFan 600 Vertical Takeoff AirplanePR Newswire
- Mesa Provides Additional Detail on Holdings in XTI Aerospace [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Announces Mesa Airlines' Investment in XTI and Conditional Pre-Order for 100 TriFan 600 AircraftPR Newswire
XTIA
Sec Filings
- 6/24/24 - Form 8-K
- 6/21/24 - Form SC
- 6/20/24 - Form EFFECT
- XTIA's page on the SEC website