Nextant Aero Bullish on Latin American Bizav Market

 - August 14, 2013, 3:07 PM

Nextant Aerospace brought its 400XTi business jet to LABACE this week to make the type’s Latin American debut, following a visit last year by the company’s 400XT. The company sees Brazil as a major opportunity for the $4.95 million remanufactured aircraft, which Nextant believes is a perfect fit for many requirements in the region.

Backing up Nextant’s optimism is company research that has shown that there are currently 1,634 entry-level jets in Latin America, of which many are more than 10 years old, and 11 percent are for sale. Nextant sees a healthy market for the aircraft among both existing light jet operators and those upgrading from turboprops.

Latin America, and Brazil in particular, has been earmarked as the clear sales focus for the next year. Just this week, Nextant announced that it has selected Cygnus Aviation to act as the exclusive sales agent for Venezuela, Colombia and the Caribbean. Brazil is the next target for a local sales agent. Nextant says it is far along in selecting a local partner and expects to reach a decision later this year. The 400XTi itself is expected to be back in Brazil in a few weeks for customer demonstrations.