On Monday, XTI Aircraft Company (XTI) representatives announced the loss of the company’s Vice Chairman Jeff Pino, who died in a plane crash on February 5th near Phoenix, Arizona.
XTI founder and chairman David Brody shared:
“There are no words to express the grief and sadness we feel at the passing of our very dear friend and colleague. As the former President of Sikorsky Aircraft, Jeff was a true leader, pioneer and industry legend. As the Vice Chairman of XTI, Jeff was a brilliant strategist, visionary and expert in all things aviation. As our friend, he was all of that and so much more. Our hearts and sincere condolences go out to Jeff’s family and friends and to the family and friends of Nick Tramontano, Jeff’s long-time flying colleague who was also a victim of the tragedy.”
Brody explained the board has named XTI board member Charlie Johnson as interim Chief Executive Officer to oversee the continued development of the TriFan 600. Johnson revealed:
“We’re all still trying to absorb this shocking loss. I’m humbled to be able to move forward with the team and, as Jeff would have wanted, not to waver from our commitment to bring the TriFan 600 to market.”
“We want to assure everyone that XTI is not changing or delaying its technical development plans. As we mourn the loss of Jeff and address the needs of the organization, we remain totally committed to the program. We appreciate the outpouring of support from XTI’s strategic partners, vendors and others, and we thank our shareholders for playing such an important role in this revolution and the future of flight.”
Meanwhile, Brody stated the company is continuing to accept investments as it moves toward closing the first round of its successful equity crowdfunding campaign on StartEngine. These funds will support development of the revolutionary new TriFan 600 aircraft, which combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter.
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