XTI Aerospace Appoints Prominent Aviation Industry Insider Jonathan G. Ornstein to its Board of Directors, Signaling Accelerated Push for Drone Leadership and M&A-Driven Growth

Company Overview - XTI Aerospace, Inc. is an aerospace technology company focused on advancing vertical flight, particularly through unmanned aircraft systems (UAS) and advanced vertical takeoff and landing (VTOL) aircraft [4]. Leadership Appointment - Scott Pomeroy, CEO of XTI Aerospace, emphasized that the appointment of Jonathan Ornstein as an independent director reflects the company's strategic orientation towards leadership in the drone and unmanned aircraft systems market, supported by a disciplined M&A strategy [1][3]. - Ornstein has over four decades of aviation industry experience, including 25 years as Chairman of Mesa Air Group, where he demonstrated the ability to scale aviation businesses and navigate regulated markets [2]. Strategic Focus - Ornstein's leadership is expected to enhance XTI's capabilities in building and transforming aviation platforms, which is crucial for the company's evolution [3]. - The company is focusing on drones, training, supply chain scale, and disciplined M&A, combined with a thoughtful approach to aircraft development financing, creating a strong foundation for future growth [3]. Business Operations - XTI Aerospace operates through its Drone Nerds business, which provides UAS solutions, services, and hardware, and its XTI Aircraft business, which is developing advanced VTOL aircraft that combine the range and speed of planes with the take-off and landing capabilities of helicopters [4].