Press Release

Issued by Fort Aero.

November 18, 2014

FortAero Baltic Business Aviation Alliance, Nextant's exclusive sales agent for Russia and CIS, has started a strategic partnership with VTB24 Private Banking, a subsidiary of VTB Bank, one of Russia's leading universal banks. The partnership is a part of FortAero's marketing and communication strategy for the Nextant 400XTi light jet and G90XT turboprop, which have the comfort, range and technology the local market expects with a price half of the competition.

As a next step in the collaboration FortAero and VTB24 Private Banking showcased on 15 November Nextant's 400XTi business jet to the potential customers in Rostov-on-Don, the administrative center of Russia's Southern Federal District. The event hosted in the vip terminal of Rostov's airport was attended by the numerous representatives of the local business elite and governmental institutions, including the clients of VTB24 Private Banking.

With 17 years in business aviation, FortAero was appointed Nextant's exclusive sales agent for Russia and CIS in June 2013. The company has already taken delivery of two Nextant 400XTis. With the purchase of their third aircraft in September 2014 FortAero became Nextant's largest fleet operator.

“The Nextant 400XTi has been an incredibly popular addition to our charter service offering due to its low operating cost, superior range, reliability and cabin comfort,” said FortAero ceo Vadim Opryshko. “On average, we fly both of our 400XTis for 80–90 hours per month and the demand keeps increasing. We can maintain this kind of utilization because of the outstanding dispatch reliability and the responsive customer support from the factory and Nextant service centers.”