Debut for Nextant 400XT at ABACE

Nextant Aerospace will showcase its 400XT business jet at ABACE in Shanghai from 16-18 April 2013. This is the first time the aircraft has ever been to China.

The company has seen strong interest and potential in China and South East Asia for the remanufactured business jet and is showing the new air ambulance configuration at the show.

“We are excited to introduce the 400XT to the Chinese market,” said Sean McGeough, president of Nextant Aerospace. “We continue to see strong interest in China and throughout Asia for our aircraft. Increased business activity throughout China means there is a greater need for efficient business travel while at the same time people are increasingly focused on value. Our aircraft delivers all the comfort, range and performance of competitive aircraft at 50% of the purchase price and with significantly lower operating costs. These are attributes which are proving popular with the Chinese market.”

There are currently 342 entry level jets in Asia Pacific, which it estimates are worth a total of approximately $1.23 billion . Nextant research reveals that the market is seeing long term growth, but at the same time many owners are looking to sell their existing aircraft and buy new ones that are more fuel efficient and offer better value for money.

“The business aviation market in China has shown rapid growth,” said McGeough. “Indeed, over half (53%) of its entry level jet fleet is less than 10 years old¹. We intend to grow with the market, both with our current platform and with upcoming products that address specific needs of the Chinese market.”

The air ambulance equipment fitted inside the Nextant 400XT aircraft is manufactured by Spectrum Aeromed.

Recently, Corporate Jet Investor had the opportunity to see up close the Nextant 400XT when an aircraft visited a snowy Farnborough Airport.