XTI Aircraft Company (XTI) announced today that it has signed a term sheet with a lead investor for a minimum $17 million and maximum $29 million financing. The terms provide for a combination of equity and convertible debt. Closing is tentatively scheduled for January 2020 and is contingent on bot...

Aircraft manufacturer XTI Aircraft has announced its decision to use GE Aviation’s Catalyst Engine as the driving force in its TriFan 600 airplane’s hybrid-electric propulsion system. XTI will work with aircraft engine supplier GE to define and create a series hybrid architecture which will ...