Nextant Becomes First Aviation Company to Join the Remanufacturing Industries Council

CLEVELAND, OHIO, July 24, 2014Nextant Aerospace (“Nextant”), maker of the Nextant 400XTi – the world’s only remanufactured business jet – and the forthcoming Nextant G90XT turboprop, today announced it has joined the Remanufacturing Industries Council (“RIC”).

Nextant and Remanufacturing

The Remanufacturing Industries Council defines remanufacturing as “a comprehensive and rigorous industrial process by which a previously sold, worn, or non-functional product or component is returned to a ‘like-new’ or ‘better-than-new’ condition and warranted in performance level and quality.

Remanufacturing is not the same as recycling nor is it a modification program. It produces products at a fraction of new-build cost and with significantly lower raw material consumption and greenhouse emissions.

Nextant Founder and Chairman Kenn Ricci foresaw the potential benefits of remanufacturing when he established the company in 2007. His vision is now reality as Nextant produces aircraft that offer superior performance, a quieter and more spacious cabin and world-class reliability. Starting with some of the most popular and reliable airframes ever built, Nextant remanufacturing provides aerodynamic and engineering enhancements, state-of-the-art avionics and engines, advanced acoustic insulation, handcrafted interiors and custom exterior paint designs. The aircraft sell for roughly half the cost of new-build and produce significantly lower emissions to build and to operate.

 “It is both exciting and formidable to be the first in your industry to try something with such game-changing potential”, said Nextant President & CEO Sean McGeough. “After two-and-a-half years of production, we’ve delivered aircraft to six continents, flown over 28,000 fleet hours and launched our second aircraft platform, the Nextant G90XT. Remanufacturing is a proven concept in other industries and now Nextant has proven the concept in business aviation.”

Over 20% of the global Beechjet 400A/Hawker 400XP fleet is already committed to Nextant remanufacturing, a success which is backed up by the company’s comprehensive worldwide customer support infrastructure.

The Remanufacturing Industries Council

The RIC is a strategic alliance of businesses and academic institutions that works across industry sectors to support the entire remanufacturing industry through a combination of collaboration, education, advocacy and research. In the US alone, this is a $50 billion industry with 180,000 workers and is growing at 15% per year. Membership in the Council includes many leading original equipment manufacturers and practitioners of remanufacturing. For more information, visit www.remancouncil.org.

Nextant Aerospace

Nextant’s pioneering process for remanufacturing business jets is now recognized as an established technical and commercial success worldwide with significant sales in every major operator category and class-leading levels of comfort, performance, and reliability at a purchase price half that of comparable aircraft. The revolutionary 400XTi light jet features Williams FJ44-3AP engines and the Rockwell Collins Pro Line 21™ integrated flight deck. The same winning combination of the latest technology in remanufactured airframes is expected to repeat this success with the Nextant G90XT turboprop powered by next-generation GE H75 engines and an enhanced Garmin G1000 integrated flight deck. Founded in 2007, Nextant is a Directional Aviation company based in Cleveland, Ohio. For more information, visit www.nextantaerospace.com, like us on Facebook, follow us on Twitter @nextantaero or join us on LinkedIn.

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