CLEVELAND, OHIO, March 12, 2015 – Nextant Aerospace (“Nextant”), 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 they have solidified a multiple 400XTi aircraft order from PlaneSense, Inc., a fractional aircraft ownership company based in Portsmouth, New Hampshire.
“This announcement represents the culmination of months of work between our two companies,” said Nextant President and CEO Sean McGeough. “We’re very excited to partner with a first class operation such as PlaneSense. We have worked closely with their management team over the last year and believe the 400XTi will be a perfect complement to their current fleet of Pilatus PC-12 aircraft.”
“Historically our program has only inducted new aircraft into our fleet,” said President and CEO of PlaneSense, Inc., George Antoniadis. “We have been very impressed with the Nextant 400XTi remanufacturing process and the resulting enhancements. Thus, we have decided to integrate this aircraft into the PlaneSense fleet.”
The new agreement is a five aircraft order, with two firm deliveries this year and the option for three additional in the future. The first delivery is to take place in June and the second early in the fourth quarter.
About Nextant Aerospace
Nextant’s pioneering process for remanufacturing business jets is now recognized as an established technical and commercial success worldwide with significant sales in every major operator category and class-leading levels of comfort, performance, and reliability at a purchase price half that of comparable aircraft. The revolutionary 400XTi light jet features Williams FJ44-3AP engines and the Rockwell Collins Pro Line 21™ integrated flight deck. The same winning combination is expected to repeat this success with the Nextant G90XT turboprop powered by next-generation GE H75-100 engines and an enhanced Garmin G1000 integrated flight deck. Founded in 2007, Nextant is a Directional Aviation company based in Cleveland, Ohio. For more information, like us on Facebook, follow us on Twitter @nextantaero or join us on LinkedIn.
About Directional Aviation Capital
Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. Directional’s unique industry expertise enables them to quickly understand business aviation companies and provide the financing and operational strategy needed to take advantage of evolving market opportunities. For more information, visit www.directionalaviation.com.
About PlaneSense, Inc.
PlaneSense, Inc. is a fractional aircraft ownership program based in Portsmouth, NH, that has been in operation since 1996. The PlaneSense® program manages the largest civilian fleet of Pilatus PC-12 aircraft in the world, and has more experience with the PC-12 than any other aircraft management and maintenance team. Apart from this Nextant 400XTi order, PlaneSense, Inc. has also placed the largest launch agreement order for six new Pilatus PC-24 jets. Offering optimal access to many airports, and fractional owner flexibility that suits any flying profile, the PlaneSense® program offers compelling value through affordable pricing, world-class service, and a practical, comfortable aircraft. For more information on fractional aircraft shares with the PlaneSense® program, visit PlaneSense, Inc. online at: www.planesense.com.
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