Nextant to unveil next generation 400XT at EBACE
Nextant Aerospace will unveil the next generation 400XT business jet at next week’s EBACE show in Geneva, Switzerland.
The company will also feature its new air ambulance configuration which is the first of its special missions applications and will be in the static display during the conference.
The Nextant 400XT has set new standards for light jet performance and economy. The aircraft has the performance, range and comfort of competitive aircraft but at half the purchase price and with significantly lower operating costs.
“We’ve had tremendous initial success, delivering 26 aircraft to six countries in our first 18 months of production.” says Sean McGeough (pictured above), Nextant’s president. “We’ve gained EASA certification and delivered three aircraft to European customers and now we are looking forward to the launch of our next generation model at EBACE. We’re announcing significant innovations to the cabin and cockpit, creating the ideal environment for both work and relaxation.”
The aircraft being displayed is in an air ambulance configuration, the air ambulance equipment has been manufactured by Spectrum Aeromed.
Nextant estimates there are 1,542 entry-level jets currently operating in Europe, worth approximately $5 billion. The company’s research indicates the market is experiencing long-term growth, with many owners planning to replace existing equipment with models offering improved fuel efficiency and value for money.
Nextant analysis reveals that between 2007 and 2011, 410 entry-level aircraft were delivered to Europe, a rise of 14 percent compared to the years 2002 to 2006. Meanwhile some 309 aircraft – around 20 percent of the European entry level jet fleet – is currently up for sale for a total value of just under $1 billion.
These figures make McGeough optimistic about the future “Despite current economic challenges, the long-term business jet market continues to grow as corporates and entrepreneurs increasingly recognize the benefits of business aviation. But there’s a sharpening focus on value for money, with the latest technology in high demand to maximize efficiency and minimize maintenance costs. That’s where Nextant really scores.”