Press Release

Issued by Nextant Aerospace.

May 20, 2013

Nextant Aerospace, the pioneer and global leader in remanufactured business jets, today unveils its latest model. The Nextant 400XTi, which will continue to retail at $4.95 million, takes the company's passion for innovation and value to new heights, setting the standard for best-in-class performance, comfort and efficiency. Building on the proven capabilities of its predecessors, the 400XTi offers near-transcontinental range (2,003nm / 3,710 km) with a bigger, quieter cabin (down 9dB, the quietest in its class). In addition, new auto-throttle saves fuel and reduces pilot workload.

Signed at EBACE, the contract will see Jet Aviation Geneva provide maintenance services for Nextant's growing fleet of aircraft across the continent. Just last month the companies signed a similar agreement adding Jet Aviation Singapore to Nextant's global network of owned and authorized service centers.

“Launching the 400XTi is a proud moment for us and we're very excited by the huge improvements it offers our customers,” says Sean McGeough, president of Nextant Aerospace. “Everything about this new airplane reflects our determination to give the best ever flying experience to owners, pilots and passengers. And at half the price of comparable products with low running costs to match, it's going to make CFOs happy too.”

Kenneth C. Ricci, principal of Directional Aviation Capital and ceo of Nextant, is equally enthusiastic. “The 400XTi changes everything in the light jet market. Just look at the figures. Its combination of performance and economy would make it a strong choice in any evaluation. Add a purchase price that's about 50% less than the competition and the verdict is clear: the 400XTi is the hands-down winner.”