SAN FRANCISCO — Cobalt has launched its first two models – the Co50 Valkyrie and the Valkyrie-X. The Cobalt Valkyrie-X is an experimental version while the Co50 Valkyrie is the fully certified model.
DENVER, Colo. — XTI Aircraft Company, which is developing the TriFan 600, has asked the U.S. Securities and Exchange Commission (SEC) to convert almost $14 million in expressed interest into real investments for thousands of individuals worldwide.
XTI launched a “test-the-waters” equity crowdfunding campaign in late August to develop the TriFan 600, a six-seat fixed-wing airplane with the ability to take off and land like a helicopter. Conceptual design of the aircraft has been completed and validated by an independent team of technical experts, according to company officials. [Read more…]
RENO, Nev. — Preliminary results from this year’s Reno Air Races shows a projected profit of more than $100,000, according to officials with the Reno Air Racing Association (RARA).
The original budget for 2015 called for a $630,000 loss, so the projected profit is very good news for the event, officials said, adding the results will be finalized by year end. [Read more…]