Press Release

Issued by Nextant Aerospace.

October 10, 2011

Nextant Aerospace, maker of the 400XT, the world's first completely remanufactured business jet, today announced that it has entered into an agreement with Beechcraft Sales and Service GmbH (Beechcraft Augsburg) to open the first factory-approved service center in Europe for Nextant-manufactured aircraft. Nextant also announced that it has entered into agreements with Emery Air, Inc. to provide service for the 400XT in the Chicago area and with Jet Works Air Center to provide service in the Dallas area.

Speaking at the National Business Aviation Association's (NBAA) 64th Annual Meeting and Convention, Nextant Aerospace President Jim Miller said, "Beechcraft Augsburg has a long history and excellent service reputation in Europe, and we are excited to have it designated as our first international service center. We are especially pleased with the timing of this agreement, since two of our earliest deliveries of the Nextant 400XT will be going to European operators. This service network expansion ensures that our customers will have global access to factory-approved service, just as they would when purchasing a new aircraft from any manufacturer."

Nextant presently operates maintenance centers in Teterboro, New Jersey; West Palm Beach, Florida; Las Vegas, Nevada; Sacramento, California; Birmingham, Alabama; and, Cleveland, Ohio, where it operates two separate facilities. The addition of Beechcraft Augsburg, Emery Air and Jet Works Air Center expands the service network to ten locations in the U.S. and Europe.

Based at Augsburg Airport in the greater Munich area, Beechcraft Augsburg is the largest maintenance organization for Hawker Beechcraft aircraft in Europe. This makes it particularly qualified to service the 400XT, which is based on a remanufactured airframe from the Beechjet 400A/XP aircraft.

"We have a 35-year record of providing service that meets the highest standards of technical efficiency, quality and reliability. We are proud that Nextant Aerospace has selected us to provide maintenance, repair and other services for the Nextant 400XT, and look forward to meeting the needs of the owners of this remarkable aircraft," said Beechcraft Augsburg Managing Director Hans Obermeier.