MESA - Why XTI Aerospace Stock Is Flying | Benzinga
XTI Aerospace, Inc. (NASDAQ:XTIA) shares are volatile Wednesday after the company announced Mesa Air Group, Inc. (NASDAQ:MESA) is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company.
The Details:
XTI Aerospace said that Mesa Air is the purchaser of up to 100 TriFan 600 aircraft announced Tuesday. If all conditions are met and the order is fully exercised, it could represent up to approximately $1 billion in revenue for XTI Aerospace.
XTI Aerospace also announced that Mesa is an investor in XTI Aerospace, with warrants and a minority stake in common stock shares.
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“We are excited to have secured this conditional pre-order and position from Mesa Airlines and believe it serves as further validation of the substantial and untapped market for our aircraft. With a ...