Press Release

Issued by Nextant Aerospace.

March 6, 2015

Nextant Aerospace, a Directional Aviation Capital company, maker of the Nextant 400XTi – the world's only remanufactured business jet – and the forthcoming Nextant G90XT turboprop, today announced that it has been awarded the Aviation Week Laureate Award. 
The prestigious Aviation Week Laureate Awards are the benchmark of industry excellence, recognizing pre-eminence in aerospace achievement. In the hotly-contested Business Aviation category, Nextant was in distinguished company alongside several famous industry names and earned the award for its success in aircraft remanufacturing. In just seven years Cleveland-based Nextant has taken remanufacturing from obscurity to its current status as a market game-changer, delivering aircraft that match or exceed the performance, comfort and operating costs of new-build models but for just half the purchase price. 
Remanufacturing is recognized as key to the future sustainability of business aviation in an increasingly resource-conscious climate. Nextant's worldwide sales and after-sales success are proof that customers value the clear economic advantages of its products, especially for fleet replacement and renewal. 
Replying to the Laureate Award, Nextant president and ceo Sean McGeough paid tribute to other finalists including Robert Bass with Aerion, Embraer and Pilatus, adding: “To be included among such great names and organizations is a huge honor for Nextant and for our sister companies in Directional Aviation. It's a tribute in which all our employees and supply chain partners can take well-earned pride. Inspired by Kenn Ricci's vision, we have worked hard to pioneer the technical and commercial success of business aircraft remanufacturing, and it's fantastic that our achievements are recognized by our colleagues in the industry. With 50 400XTi jets operating in 11 countries and our new G90XT turboprop due for certification this spring, Nextant is ready and eager to meet the market's need for aircraft that are tailor-made for today's challenging economic conditions.”