financetom
Business
financetom
/
Business
/
XTI Aerospace Gets FAA Approval for TriFan 600 Type Certification Application
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
XTI Aerospace Gets FAA Approval for TriFan 600 Type Certification Application
Mar 19, 2025 7:59 AM

10:39 AM EDT, 03/19/2025 (MT Newswires) -- XTI Aerospace ( XTIA ) said Wednesday that the US Federal Aviation Administration accepted its Type Certification application for the TriFan 600 on Monday.

The TriFan 600 is a fixed-wing business aircraft designed for vertical takeoff and landing, combining aspects of a helicopter and a jet, according to the company.

XTI has been working with the FAA's Innovation Office to develop the AC 21-17b "powered-lift" requirements. With this formal TC submission, the certification process moves forward as the FAA reviews XTI's G-1 Stage 1 "Basis for Certification" document and engages experts to work toward the Stage 2 response, the company said.

Shares of XTI Aerospace ( XTIA ) were down over 7% in recent trading.

Price: 2.37, Change: -0.18, Percent Change: -7.06

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Is Norwegian Cruise Line Stock Sinking Today?
Why Is Norwegian Cruise Line Stock Sinking Today?
May 1, 2024
Norwegian Cruise Line Holdings Ltd ( NCLH ) reported first-quarter fiscal 2024 sales growth of 20.3% year-on-year to $2.191 billion on 8% capacity growth, missing the consensus of $2.24 billion. Operating income for the quarter was $218.39 million, compared to $10.72 million a year ago, and the margin expanded by 938 bps to 10% Adjusted EPS improved to $0.16 from $(0.30) a year ago, beating...
Sirios Resources Raises C$1.31 Million in a Private Placement of Share Units
Sirios Resources Raises C$1.31 Million in a Private Placement of Share Units
May 1, 2024
11:11 AM EDT, 05/01/2024 (MT Newswires) -- Sirios Resources ( SIREF ) said Wednesday it raised C$1.31 million as it closed a private placement of share units. The offering was made up of 21.85-million units priced at $0.06 and made up of a share and a two-year warrant to buy a second share for C$0.12. The company will use the...
US Physical Therapy's Briotix Health Unit Acquires Industrial Injury Prevention Business for $24 Million
US Physical Therapy's Briotix Health Unit Acquires Industrial Injury Prevention Business for $24 Million
May 1, 2024
11:09 AM EDT, 05/01/2024 (MT Newswires) -- US Physical Therapy ( USPH ) said Wednesday its Briotix Health company acquired an industrial injury prevention services business for $24 million. The business has $11 million in annual revenue, the company said. US Physical Therapy ( USPH ) also acquired a two-clinic physical therapy practice with $1 million in annual revenue for...
Wolverine World Wide Grants Global Licenses to Vida Shoes, Centric Brands
Wolverine World Wide Grants Global Licenses to Vida Shoes, Centric Brands
May 1, 2024
11:12 AM EDT, 05/01/2024 (MT Newswires) -- Wolverine World Wide ( WWW ) said Wednesday it struck global licensing deals with Vida Shoes International and Centric Brands as part of its strategic transformation into a brand-led company. Vida will become the global Merrell and Saucony licensee for kids footwear while Centric has the global rights for Merrell apparel and accessories,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved