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Nextant Aerospace Lands Conversion Deal

Confirming initial viability of remanufacturing concept, deal to convert up to 50 aircraft.

The company’s business model is to remanufacture Hawker 400 XP’s into the Nextant 400XTi. The remanufactured plane boasts greater range and better operating costs per mile. The latest deal is to remanufacture 50 Hawker 400XPs from Travel Management Co. Ltd. (TMC), the company’s entire fleet.

Nextant announced the order in a press release dated Oct. 23, 2013. According to the press release, “TMC’s order means Nextant now has firm commitments in place to convert more than 100 aircraft, which represents approximately 20% of the in-service 400A/XP fleet.”

Nextant Aircraft

In reporting by Aerospace Manufacturing and Design (10/ 27) Reported that “TMC President Scott Wise explains why he chose the 400XTi: "In a highly competitive charter market, we've learned that the key to success is having a well-rounded operating platform that performs in all major categories – value, performance, and passenger comfort. We have done our research and it's clear that re-equipping with the 400XTi will keep us ahead of the competition for years to come. The 400XTi offers a 50% increase in range relative to our previous aircraft and a 30% reduction in operating cost. This combination significantly increases our mission capability and allows us to meet the needs of a larger customer base."

This news follows on the heels of an announcement that Nextant will collaborate with GE Aviation. The agreement is for GE to supply new engines for a new range of remanufactured aircraft. Launch project for this collaboration will be Nextant’s first turboprop, the G90XT, based on the King Air C90 series and featuring GE H80 engines, according to the company in a press release dated Oct. 22.

Nextant Aerospace is recognized as the first company in the world to introduce aircraft remanufacturing to the business jet market, according to Nextant.

Published Date : 11/4/2013

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