Press Release

Issued by Nextant Aerospace.

July 24, 2014

Nextant Aerospace, maker of the Nextant 400XTi – the world's only remanufactured business jet – and the forthcoming Nextant G90XT turboprop, today announced it has joined the Remanufacturing Industries Council.

The Remanufacturing Industries Council defines remanufacturing as “a comprehensive and rigorous industrial process by which a previously sold, worn, or non-functional product or component is returned to a 'like-new' or 'better-than-new' condition and warranted in performance level and quality.

Remanufacturing is not the same as recycling nor is it a modification program. It produces products at a fraction of new-build cost and with significantly lower raw material consumption and greenhouse emissions.

Nextant founder and chairman Kenn Ricci foresaw the potential benefits of remanufacturing when he established the company in 2007. His vision is now reality as Nextant produces aircraft that offer superior performance, a quieter and more spacious cabin and world-class reliability. Starting with some of the most popular and reliable airframes ever built, Nextant remanufacturing provides aerodynamic and engineering enhancements, state-of-the-art avionics and engines, advanced acoustic insulation, handcrafted interiors and custom exterior paint designs. The aircraft sell for roughly half the cost of new-build and produce significantly lower emissions to build and to operate.

“It is both exciting and formidable to be the first in your industry to try something with such game-changing potential”, said Nextant president & ceo Sean McGeough. “After two-and-a-half years of production, we've delivered aircraft to six continents, flown over 28,000 fleet hours and launched our second aircraft platform, the Nextant G90XT. Remanufacturing is a proven concept in other industries and now Nextant has proven the concept in business aviation.”

Over 20% of the global Beechjet 400A/Hawker 400XP fleet is already committed to Nextant remanufacturing, a success which is backed up by the company's comprehensive worldwide customer support infrastructure.