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Nextant Aerospace Set to Receive European Aviation Safety Agency Approval for the 400XT Business Jet



  Nextant Aerospace Set to Receive European Aviation Safety Agency Approval
  for the 400XT Business Jet

Business Wire

CLEVELAND, Ohio & ORLANDO, Fla. -- October 30, 2012

Nextant Aerospace, maker of the 400XT, the world’s only remanufactured
business jet, today announced that it will receive full certification by the
European Aviation Safety Agency (EASA), which will enable the 400XT to be
flown in service throughout Europe. Upon receiving its last supplemental type
certificate (STC), which is expected in the next 10 business days, the Nextant
400XT will become the only remanufactured business jet to be certified by both
the EASA and the FAA.

Achieving EASA certification will come as the first deliveries of the 400XT
are being made to Europe. The second 400XT to be accepted for European
registration will soon be delivered to a private buyer in Switzerland and will
be managed by TAG Aviation, a leader in private and business aviation aircraft
management throughout Europe. To date, 40 percent of all 400XT sales have come
from outside of North America, with a substantial portion of those from the
Eurozone.

“Last year, we announced final FAA certification of the Nextant 400XT in the
U.S. Today, we are proud to be closing in on a comparable approval from the
European Aviation Safety Agency, which will immediately make the 400XT
available for service throughout Europe,” said Kenneth C. Ricci, founder and
chief executive officer of Nextant Aerospace. “The 400XT is truly a business
jet for the European traveler because of its exceptional range, which enables
flights originating in Western Europe to reach major destinations throughout
the rest of Europe, Russia and the Middle East. We are confident that this
approval will further boost sales in Europe, which already has proven to be
one of the strongest markets for the 400XT.”

In addition to its price, approximately half that of competing clean-sheet
designs, the 400XT has a 2,003 nautical mile (3,709 km) range and a cruising
speed of 460 nautical miles per hour (740 km per hour). It supports a
remarkable 30 percent reduction in operating costs over the Beechjet 400A/XP
on which it is based and fuel efficiency improvements of 20-30 percent,
depending on the length of the flight segment. Significantly reduced carbon
emissions and noise compliance that exceeds Stage IV requirements also make it
ideally suited for European service.

“No matter where you go, a universal theme among those interested in
purchasing a business jet is the desire for best-in-class range coupled with
low operating and ownership costs,” added Ricci. “The 400XT not only fulfills
those criteria with its exceptional performance and operating economics, but
it also can be acquired for half the cost of competing models. This recipe is
making the 400XT the aircraft of choice for private aviation all over the
world.”

About Nextant Aerospace

Nextant Aerospace was founded in 2007 for the primary purpose of developing an
aircraft modernization program. The company is credited with being the first
to introduce the concept of aircraft remanufacturing to the business jet
market. The Nextant 400XT is a remanufactured Beechjet 400A/XP equipped with
the Williams FJ44-3AP engines and Rockwell Collins Pro Line 21™ integrated
avionics suite. The new aircraft also benefits from significant aerodynamic
enhancements including newly designed nacelles, pylons and an improved engine
mounting configuration. The 400XT is delivered as a new aircraft with a
two-year, full aircraft warranty. Nextant’s design and manufacturing facility
is located in Cleveland, Ohio, at the Cuyahoga County Airport. For more
information, please visit www.nextantaerospace.com, like us on Facebook,
follow us on Twitter @nextantaero or join us on LinkedIn.

About TAG Aviation Europe

TAG Aviation Europe has fully integrated flight operations in Geneva, London
and Madrid. They are a leader in private and business aviation serving the
global aviation market with aircraft charter, management, maintenance, FBO /
Handling, aircraft completion services as well as acquisition and sales. For
more information, please visit http://www.tagaviation.com.

Contact:

Nextant Aerospace
Jay Heublein, 216-261-9000
Vice President, Sales and Marketing
media@nextantaerospace.com
or
The Hubbell Group, Inc.
Nicholas Parmelee, 781-878-8882
nparmelee@hubbellgroup.com
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