XTI Aircraft Company has signed a draft agreement for future production of its hybrid-electric TriFan 600 aircraft in China, but is sharing few other details at this time.
The company said the signing came at a large investment trade show in Guizhou Province, China. The draft agreement concerns the formation of a joint venture which could provide the means to assemble and support the TriFan 600 in the province, and to market and sell the aircraft “in a specified geographical area.”
“This is a significant step toward opening a huge market for XTI,” stated Robert LaBelle, CEO of XTI, in a press release. “We’re looking forward to the next steps in the process [and] hope to close on a final agreement within a couple of months.”
LaBelle told eVTOL.com that he was unable to provide further comment at this time, but will share more “as things progress.”
The agreement comes soon after XTI’s announcement of a utility patent from the Japanese Patent Office for the technology and configuration of its TriFan 600 — another step toward expanding the aircraft’s global market.
The six-seat TriFan 600 is a VTOL aircraft that is targeting the speed and range of a high-end business airplane. XTI revealed in July that the aircraft’s hybrid-electric power system will use GE’s new Catalyst turboprop engine, which is also powering the Cessna Denali.
XTI will be exhibiting at the upcoming National Business Aircraft Association (NBAA) Business Aircraft Convention and Exhibit, Oct. 22 to 24 in Las Vegas, Nevada, as part of NBAA’s Innovation Exhibit. “We’re delighted to be chosen by NBAA to exhibit and for this opportunity to showcase the TriFan 600,” LaBelle said. “The invitation is further validation that we have a very innovative aircraft.”