[New post] U.S. startup seeks crowdfunding to produce business jet

sskarthik posted: "By Andrea Shalal WASHINGTON (Reuters) - XTI Aircraft, a Denver, Colorado-based aerospace startup firm, launched an equity crowdfunding campaign on Tuesday to raise $50 million to fund the production of the TriFan 600, a six-seat fixed wing jet that can ta" Respond to this post by replying above this line New post on SKarthik.info U.S. startup seeks crowdfunding to produce business jet by sskarthik By Andrea Shalal WASHINGTON (Reuters) - XTI Aircraft, a Denver, Colorado-based aerospace startup firm, launched an equity crowdfunding campaign on Tuesday to raise $50 million to fund the production of the TriFan 600, a six-seat fixed wing jet that can take off and land like a helicopter. XTI was founded in 2009 by David Brody, the former chairman and chief executive officer of AVX Aircraft Co, who developed and patented the concept for the new business jet. The company's leaders include Jeffrey Pino, the former president of Sikorsky Aircraft, a unit of United Technologies Corp that is being sold to Lockheed Martin Corp, and Charles Johnson, the former president of Cessna, the business jet maker owned by Textron Inc. The group's chief engineer is Dennis Olcott, the former chief... Read more... sskarthik | August 26, 2015 at 11:56 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3gT5 Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/26/u-s-startup-seeks-crowdfunding-to-produce-business-jet-2/ Thanks for flying with WordPress.com