Nextant Appoints Jet Aviation Singapore as New Authorized Service Center for Nextant 400XT

Shanghai, April 16, 2013 – Nextant Aerospace (“Nextant”), maker of the Nextant 400XT, the world’s only remanufactured business jet, has announced Jet Aviation Singapore as its new authorized service center in Asia.

The contract, which was signed at ABACE, will see Jet Aviation Singapore provide maintenance services for Nextant’s growing fleet of 400XTs in the region. As the company’s exclusive authorized service center in Singapore for Southeast Asia, Jet Aviation Singapore will become a core element of Nextant’s global network of owned and authorized service centers.

Nextant entered the Asian market in August 2012 and is continuing to see strong interest in the region due to the aircraft’s unique combination of performance, comfort and value. The Nextant 400XT offers an impressive 2,003 nautical mile (3,709 km) range, which means customers can fly from Singapore to as far west as Mumbai, India, or as far north as Shanghai, China without needing a refueling stop.

The aircraft sells for roughly half the price of its competitors with significantly lower operating costs. Low maintenance costs are backed by a full factory warranty, a global network of owned and authorized service centers and the world’s largest inventory of rotable parts for BE40 series aircraft which includes the 400XT.

Globally, the Nextant Aerospace value proposition has proven hugely attractive, securing sales of over $100 million since late 2011. Nextant currently has a sales backlog valued in excess of $175 million.

Jet Aviation is a global leader in business aviation with two maintenance centers in Asia; one based in Singapore and the other in Hong Kong, where it also operates an aircraft management and charter company. The Singapore Service Center provides scheduled and unscheduled maintenance, aircraft repair, defect troubleshooting and rectifications, aircraft modification, AOG services, refurbishment, avionics modification and exterior painting services. It recently announced it is tripling its maintenance facilities in Singapore’s Seletar Aerospace Park to meet increasing demand for its services.

“Jet Aviation is one of the premier service providers in the world” said Jay Heublein, Executive Vice President, Global Sales and Marketing, Nextant Aerospace. “They have an excellent reputation for the quality of their staff and their outstanding level of customer service. It is vital for us to have a support network which reflects our ambitions and values. We could not ask for a better partner in the region.”

“We are delighted to have been appointed as Nextant’s authorized service center in Singapore," said Gary Dolski, Vice President and General Manager, Jet Aviation Singapore. "They have a truly unique product offering with significant potential in the region. Like us, they are committed to the highest standards of customer service and support."

Jet Aviation Singapore provides scheduled and unscheduled maintenance, aircraft repair, defect troubleshooting and rectifications, and aircraft modifications. In addition, the company offers interior refurbishment, avionics modification and exterior painting services. The company is an authorized service center and warranty repair facility for the Gulfstream series; an authorized Cessna Citation and Caravan service station; an authorized service facility for the Bombardier Challenger, Learjet and Global series and a Boeing BBJ line maintenance station; and carries maintenance approvals from 13 airworthiness authorities. Located at Seletar Airport, the company also offers FBO services in Singapore at Seletar and Changi International airports.

In Asia, Jet Aviation operates an additional MRO facility in Hong Kong, where it also operates an aircraft management and charter company, and has a maintenance station in Kuala Lumpur, Malaysia.

Jet Aviation, a wholly owned subsidiary of General Dynamics (NYSE: GD), was founded in Switzerland in 1967 and is one of the leading business aviation services companies in the world. More than 4,500 employees cater to client needs from 21 airport facilities throughout Europe, the Middle East, Asia and North and South America. The company provides maintenance, completions and refurbishment, engineering, FBO and fuel services, along with aircraft management, charter services, aircraft sales and personnel services. Jet Aviation's European and U.S. aircraft management and charter divisions jointly operate a fleet of more than 250 aircraft. Please visit www.jetaviation.com and follow us on twitter: http://twitter.com/jetaviation.

About Nextant Aerospace

Nextant Aerospace was founded in 2007 for the primary purpose of developing an aircraft modernization program. The company is credited with being the first to introduce the concept of aircraft remanufacturing to the business jet market. The Nextant 400XT is a remanufactured Beechjet 400A/XP equipped with the Williams FJ44-3AP engines and Rockwell Collins Pro Line 21™ integrated avionics suite. The new aircraft also benefits from significant aerodynamic enhancements including newly designed nacelles, pylons and an improved engine mounting configuration. The 400XT is delivered as a new aircraft with a two-year, full aircraft warranty and is supported by a global network of owned and authorized service centers. Nextant’s design and manufacturing facility is located in Cleveland, Ohio, at the Cuyahoga County Airport. For more information, please visit www.nextantaerospace.com, like us on Facebook, follow us on Twitter @nextantaero or join us on LinkedIn.

Loading