- Nextant 400XTi sees phenomenal success in charter markets across Europe
- Nextant’s exclusive sales agent in Russia and CIS adds third 400XTi to fleet
- Low operating costs, longer range, outstanding reliability and superb customer support are key decision factors
MOSCOW, RUSSIA, September 4, 2014 – Nextant Aerospace (“Nextant”), maker of the Nextant 400XTi – the world’s only remanufactured business jet – and the forthcoming Nextant G90XT turboprop, today announced the sale of a third Nextant 400XTi to FortAero Baltic Business Aviation Alliance (“FortAero”). The deal was announced during the 9th International Business Aviation Show JetExpo in Moscow, where the 400XTi is on display.
Nextant launched in the region last June by appointing FortAero as its exclusive sales agent in Russia and the CIS. At the same time FortAero placed an order for two 400XTi light jets. With the purchase of their third aircraft, FortAero becomes Nextant’s largest European fleet operator.
“The Nextant 400XTi has been an incredibly popular addition to our charter service offering due to its low operating cost, superior range, reliability and cabin comfort,” said FortAero CEO Vadim Opryshko. “On average, we fly both of our 400XTi’s for 80–90 hours per month and the demand keeps increasing. We can maintain this kind of utilization because of the outstanding dispatch reliability and the responsive customer support from the factory and Nextant service centers. Originally we had very high expectations and Nextant has definitely met them. The 400XTi is a perfect light jet for the charter market in Russia and the CIS.” With its fuel-efficient, low-emission engines and impressive 3,710 km (2,003 nm) range, the 400XTi can fly point-to-point practically anywhere in Europe. The 400XTi is about half the price of its competitors with significantly lower maintenance and operating costs. Its factory warranty is backed by a worldwide network of owned and authorized service centers and the world’s largest inventory of rotable parts. Europe is proving to be a popular market for the 400XTi. Since 2011 Nextant has delivered 45 aircraft, of which 15% are now based in Europe.
“The 400XTi is becoming the workhorse of the European charter market and many of our European operators are reporting monthly utilization in the 80–100 hour range,” said Jay Heublein, Nextant Executive Vice President of Sales and Marketing. “The 400XTi provides charter operators with unsurpassed range, speed and comfort in the light jet category at a considerably lower cost base. Higher revenues and lower costs deliver profits to our operators, even in a down market.”
FortAero is defining Nextant’s sales, marketing and customer service strategy in Russia and the CIS. In May 2014 the company expanded its territory to include Belgium, France, Luxembourg and Switzerland. In these countries FortAero partners with Swiss luxury watchmaker De Bethune, who have strong, established relationships with corporates and HNWIs in the region.
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 of the latest technology in remanufactured airframes is expected to repeat this success with the Nextant G90XT turboprop powered by next-generation GE H75 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.
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