Formerly known as VIST and founded 1990, is developing a range of turboshaft-powered transport aircraft with vertical take-off and landing/air-cushion capability, by virtue of engine power being switched between conventional propellers and a large horizontal fan occupying the center fuselage. Also developing a 32-passenger regional airliner as the lnalet-32, featuring an aerodynamically shaped fuselage and stub wings, plus the more conventional Inalet- 60 62/68-passenger regional airliner and freighter with twin turbofan engines mounted at the rear of the fuselage.

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