Nextant Aero Celebrates $202M Deal for 400XTis at NBAA

 - October 23, 2013, 7:00 PM
Nextant Aerospace announced an order today for up to fifty 400XTis worth $202.5 million from Elkhart, Ind.-based aircraft charter firm Travel Management Company. (Photo: Mark Wagner/AIN)

Nextant Aerospace announced an order for up to fifty 400XTis worth $202.5 million from Elkhart, Ind.-based aircraft charter firm Travel Management Company (TMC) today at NBAA 2013. The agreement is for the conversion of TMC’s entire Hawker 400XP fleet.

With this latest order, Nextant now has firm commitments to convert more than 100 Beechjet 400A/XPs, which represents approximately 20 percent of the in-service fleet. “The market is approaching a tipping point where remanufacturing is now the accepted long-term solution for competitive performance and value,” noted Nextant president Sean McGeough.

TMC chose the 400XTi because it “offers a 50-percent increase in range relative to our previous aircraft and a 30-percent reduction in operating cost,” according to TMC president Scott Wise. “This combination significantly increases our mission capability and allows us to meet the needs of a larger customer base. We’ve done our research and it’s clear that re-equipping with the 400XTi will keep us ahead of the competition for years to come.”