XTI Aircraft Company appoints Mike Hinderberger CEO

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Mike is a seasoned and highly skilled executive in the aviation industry, having held leadership positions at Aerion, Gulfstream and Piper.

Mike is a seasoned and highly skilled executive in the aviation industry, having held leadership positions at Aerion, Gulfstream and Piper.

— David Brody, Founder and President of XTI

DENVER, CO, USA, June 22, 2022 /EINPresswire.com/ — XTI Aircraft Company appoints Mike Hinderberger CEO

XTI Aircraft Company (XTI) today announced that its former Senior Vice President for Engineering has been named Chief Executive Officer of the company. “We are entering a new phase for the company,” said David Brody, Founder and Chairman of XTI. “Mike is a seasoned and highly skilled executive in the aviation industry, having held leadership positions and led several significant programs at Aerion, Gulfstream and Piper. In addition to his new responsibilities which include a focus on achieving our funding, he will continue to lead the engineering and development of our first full-scale pilot prototype of the TriFan.

“I’m very excited for this opportunity,” Hinderberger said. “After working for a year directly on advancing the engineering of the TriFan, I am more confident than ever that we have a game-changing product that will revolutionize air travel. I look forward to putting my practical understanding of the TriFan to good use and our customers’ needs, and apply them more broadly to the company’s operations and long-term plans.

Recounting the company’s progress over the past few years, Brody said: “We conducted a series of successful hover tests in 2019 before the pandemic slowed us down. We continued to work with a number of key suppliers, began the process of obtaining FAA certification and received more than 300 reservations, firm orders and options for the aircraft so far. This represents approximately $2.25 billion in gross revenue upon delivery of these aircraft and represents full production capacity for XTI’s first two to three years of commercial operation.

“I sincerely want to thank Bob LaBelle,” continued Brody, “our former CEO, for more than five years of dedicated service to XTI. building and testing our 65% scale proof-of-concept aircraft, developing the significant order and booking backlog and recruiting the excellent engineering team that has now positioned the company to begin assembly and testing our first full-scale prototype of the TriFan 600 in the short term.On behalf of everyone at XTI, we wish Bob the best in all of his future endeavours.

“The market continues to recognize the value proposition of our unique and revolutionary aircraft and its patented technology,” Brody said. “Vertical takeoff combined with long range, the speed and comfort of a business jet, and our quieter, cleaner state-of-the-art propulsion system.”

The TriFan is a major breakthrough in aviation and air travel. The six-seat TriFan 600 will have the speed, range and comfort of a luxury business jet and the ability to take off and land vertically, like a helicopter. It will travel at 345 miles per hour, with a range of up to 700 miles with vertical takeoff and vertical landing, and up to 900 miles with conventional takeoff and vertical landing. Using three ducted fans, the TriFan lifts vertically. Its two wing-mounted fans then rotate forward for a smooth transition to cruise speed and its initial climb. It will reach 29,000 feet in just ten minutes and cruise to the destination as a highly efficient business jet.

ABOUT XTI AIRCRAFT COMPANY
XTI Aircraft Company is a private aviation company based near Denver, founded in 2013. XTI is guided by a management team with decades of experience, deep expertise and success in bringing new aircraft to market. XTI is founded on a customer-focused, problem-solving culture to meet the ever-changing needs of modern travellers.

For more information and updates on XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com. For more information on reserving a priority position for the TriFan under the company’s presale program, contact Mr. Saleem Zaheer.

Media contact for XTI Aircraft Company:

Saleem Zaher
Senior Vice President, Strategy and Business Development
XTI Aircraft Company
Centennial Airport Jet Center
7625 S. Peoria St., Suite 216A
Englewood, Colorado 80112

Saleem Zaher
XTI Aircraft Co
[email protected]

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