Nextant Aerospace Announces Exclusive Sales Partnership With Action Aviation For Nextant 400XT

Action Aviation to Distribute the World’s First Completely Remanufactured Business Jet in Europe, the Middle East and India

CLEVELAND, OHIO and DUBAI, UNITED ARAB EMIRATES,November 13, 2011 – Nextant Aerospace, maker of the 400XT, the world’s first completely remanufactured business jet, today announced that it has entered into an agreement that authorizes Action Aviation to become the exclusive sales agent for the 400XT in Europe, the Middle East and India. The announcement of the partnership with Action Aviation came at the biennial Dubai Airshow, one of the aviation industry’s most prestigious global showcases, where Nextant and Action Aviation co-presented.

“We are pleased to partner with Action Aviation for distribution of the Nextant 400XT in the key markets of Europe, the Middle East and India,” said Jay Heublein, Vice President, Sales and Marketing for Nextant Aerospace. “Action Aviation has a proven track record of bringing the most innovative, high-performance business jets and helicopters to the marketplace. With offices in the United Kingdom, Dubai and Bangalore, India, the firm is ideally positioned to serve each of these three target markets and help ensure the success of the 400XT.”

The Nextant 400XT, which received full Federal Aviation Administration certification this year after a three-year development and flight testing process and saw its first deliveries last month, has a range of 3,713 km (2,005 nautical miles) with four passengers and NBAA IFR Reserves. Its range enables flights originating in Europe, the Middle East and India to easily reach other major destinations throughout Europe and Asia.

“The 400XT’s exceptional range – 50 percent greater than that of the Hawker 400 on which it is based, combined with its speed and superior accommodations, makes it an ideal aircraft for the midrange flights which are typical of Europe, the Middle East and India,” said Hamish Harding, Chairman of Action Aviation. “At a cost about half that of competing new models, the 400XT provides a superior combination of performance, comfort and value and we are confident that it will become the preferred choice in private aviation. We are pleased that Nextant has agreed to authorize us to be this dynamic new aircraft’s exclusive distributor in these vital markets.”

The 400XT process employs a remanufactured airframe from the Beechjet 400A/XP aircraft, enhanced with new, state-of-the-art technology including the Williams FJ44-3AP turbofan engine, the Rockwell Collins Pro Line 21™ integrated avionics suite, advanced electronics and completely rebuilt interiors. The remanufacturing process takes all life-limited components to zero-time status, either through replacement or complete overhaul, which effectively makes the 400XT a new plane in all material aspects even before the addition of advanced technology. The 400XT is considered to be a new type in Aircraft Bluebook. Further options include additional avionics features and cabin entertainment including high speed wireless internet.

Other performance improvements include a cruising speed of 740 km per hour (460 nautical miles per hour); fuel efficiency improvements of 25-30 percent, depending on the length of the flight segment and noise compliance that exceeds Stage IV requirements. A number of orders have been received, including a 40-plane order from Flight Options LLC, the second-largest company in the private jet travel business.

For more information on Action Aviation, please visit www.actionaviation.com on the Web.

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, whole 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 or follow us on Twitter @nextantaero.

Media Contacts:

Nextant Aerospace                                                                 The Hubbell Group, Inc.
Jay Heublein, Vice President, Sales and Marketing                        Nicholas Parmelee
216.261.9000                                                                        781.878.8882
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Action Aviation India Pvt Ltd.
Arun Raja, Marketing Director
Dubai: +971 50 5059068
India: +91 98450 68784
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