| About Nextant Aerospace |
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Nextant Aerospace, LLC was formed in 2007 for the primary purpose of developing an aircraft modification program. In 2008 Nextant merged with Constant Aviation and began building its support network with facilities in Cleveland, Ohio and Birmingham, Alabama. These combined resources provide the foundation to aggressively pursue the modification, modernization and support of Corporate Jet aircraft to fill certain market demands of the industry. Constant Aviation - Cleveland, formerly Air Services of Cleveland was established in the mid 1980’s when it separated from the Aero Services FBO chain. For over 25 years Air Services of Cleveland provided General Aviation and Commercial Aircraft Maintenance. Constant Aviation has over 750,000 maintenance hours logged on various aircraft. It has been the recipient of the FAA Diamond Award for the past 10 years for its commitment to training excellence. In addition to an FAA Certified Repair Station, Constant Cleveland is an Embraer Factory Authorized Service Center. Constant Aviation - Birmingham was made up of two previous aircraft maintenance companies. Mercury Air Center and Jet South, they were both previously established and well recognized service facilities at Birmingham International Airport. The history of these facilities dates back over 40 years with extensive experience providing maintenance and repair services to General Aviation with an emphasis on Beechjet, King Air, Diamond-Jet and Citation aircraft. In addition to being an FAA Certified Repair Station, Constant - Birmingham is a Hawker Beechcraft Factory Authorized Service Center. Nextant Aerospace has launched an aircraft modernization retrofit program to fill a market demand of a modern, medium range (2000 nautical mile) business aircraft priced under $4.0 million dollars. The cost of creating a new “clean sheet of paper” aircraft to fill this market demand at under $4.0 million dollars is not possible due to the high costs associated with design, manufacturing and certification. The aircraft available today, priced at between $7.5 million and $10.0 million fall into the medium-light category and still fall short of the 2000 nautical mile range desired by the market. Modernizing an existing aircraft to fill this requirement is the most logical solution. By taking advantage of the cost savings in starting with a popular certified, reliable aircraft and incorporating today’s advanced technology in fuel efficient computer controlled engines and advanced avionics, the goal of producing such an aircraft at under $5.0 million dollars is reasonably obtainable. The Hawker 400A/XP has proven to be a very popular business aircraft with over 600 commercial aircraft deliveries and 180 T-1A Jayhawk (military version) deliveries since 1986. This aircraft offers a large cabin, seating for up to 8 passengers and a rear lavatory. It is considered fast at 460 knots per hour (520 miles per hour) and economical at $3.12 per mile. The only significant deficiency is its range at 1,200 nautical miles with 4 passengers and IFR reserves. By replacing the existing out dated Pratt & Whitney JT15D engines with new modern Williams FJ44-3AP computer controlled engines and incorporating new Collins Proline 21 avionics the range of the aircraft can be increased to over 2000 nautical miles and the operating costs reduced to under $2.67 (27% less) per mile based on fuel savings alone. The company’s business plan includes a comprehensive modification program that has a broad market appeal to new aircraft buyers, existing aircraft owners and the military. Over the past 2 years, the Company has completed the preliminary engineering phase and due diligence required in order to minimize risk and ensure the success of the program. |

