Nextant Aerospace sealed its first retail sale of a 400XT to a Chinese customer today at ABACE. The Nextant 400XT–which is a remanufactured Beechjet 400A with new avionics, engines, paint and interior, as well as zero-timed components–was sold to Zhou Houquan, chairman of the Sichuan Provence-based Zhuling Group. According to Nextant, the deal was done entirely at ABACE. The $4.95 million jet will be delivered to Houquan this year, Nextant said.
Among the companies making their ABACE debut this year is Nextant Aviation, which is displaying its Nextant 400XT, the remanufactured version of the Beechjet 400 series light jet. The company is poised to play a major part in the Asian entry-level jet market, which currently totals only 342 aircraft worth an approximate $1.23 billion but has huge regional potential. In little more than a year, the company has delivered 26 aircraft to operators in six countries.
China Great Wall Industry Corp. has been appointed by Nextant Aerospace as its exclusive sales agent for the greater China region, the U.S.-based aircraft remanufacturer announced today at ABACE 2013. The new China dealer has also placed an initial order for up to 18 Nextant 400XTs–three firm orders and 15 options–potentially worth $89 million. According to Nextant, the remanufactured Beechjet 400As will be delivered over the next 24 months to Great Wall in a mix of executive and special-mission configurations.
Nextant Aerospace announced yesterday at ABACE 2013 in Shanghai that it has appointed China Great Wall Industry Corp. as its exclusive sales agent for the greater China region. The new China dealer has also placed an initial order for up to 18 Nextant 400XTs (three firm orders and 15 options) potentially worth $89 million.
Nextant Aerospace marked the delivery of the first Nextant 400XT into the Swiss market, and its third into Europe. The aircraft will be operated by aircraft maintenance, charter and management firm TAG Aviation. “We are proud to have the Nextant 400XT chosen by TAG Aviation as the latest addition to their fleet,” said Nextant vice president of sales and marketing Jay Heublein. “For over three decades TAG Aviation has been a global leader in the business aircraft industry.”
Despite soft pricing for light jets in both the pre-owned and charter markets in recent years, Nextant Aerospace is convinced that the time is right for its 400XT. According to the U.S.
Fractional share provider Flight Options’ business is growing at a healthy clip, the Cleveland, Ohio-based company announced yesterday. “We’re definitely seeing a significant increase in hours flown and customer utilization,” said Matt Doyle, executive vice president of sales and marketing. “We’re seeing folks are much more comfortable using their hours. On the business side, they’re using their airplanes to meet customers and clients and expand their business. On the personal side more folks are flying.”
Sierra Industries and Clifford Development have formed a joint venture called NewJETz to develop a Williams International FJ44-4 engine retrofit program. The 3,600-pound-thrust engine retrofit will power legacy Cessna Citation 550 and 560 series jets, including the Citation V, Bravo, Ultra and Encore. The new modification is called eVolution, and NewJETz will also offer owners of these aircraft avionics and other upgrades.
Business aviation service provider Gama Group (Booth No. 2843) has entered an exclusive agreement through its subsidiary Gama Support Services with Professional Aviation Associates to hold consignment stock for Europe-based Hawker Beechcraft aircraft. The agreement significantly expands the range of stock that Gama Support Services holds for Hawker Beechcraft products, according to Gama Group.
Hawker Beechcraft (HBC) has donated a Hawker 400XPr jet to serve as the flying classroom for record-setting pilot and educator Barrington Irving’s latest project. The “Classroom in the Sky” project, an initiative of Irving’s non-profit Experience Aviation, will expose millions of students to aviation by allowing them to interact with him during a planned around-the-world flight, which will take him to all seven continents.