ABACE: Nextant teams up with AVIC in China

Shanghai
Source: Flightglobal.com
This story is sourced from Flightglobal.com

Nextant Aerospace has tapped AVIC as the sales agent for its remanufactured aircraft in China.

Nextant president Sean McGeough says AVIC will be of great value as the firm seeks to establish its vision of selling remanufactured aircraft in China.

The Chinese company has acquired a Nextant 400XT (a re-manufactured version of the Hawker 400) that it hopes to sell to a local buyer.

While traditionally the Chinese market has preferred to acquire new aircraft, McGeough says the market is becoming more sophisticated, and that the Nextant 400XT with its new engines, avionics, and interior offers excellent value compared with competing types such as the Embraer Phenom 300. A remanufactured jet comes in at just over half the price of a new aircraft.

McGeough says that the company’s G90XT, a remanufactured Beechcraft King Air 90 with new General Electric turboprops, should have its first flight by the end of 2014.

Nextant has identified a King Air airframe for the modification work, which it plans to obtain in the near future.

“We have a number of interested buyers for the G90XT," says McGeough. He estimates that a G90XT will cost about $2.2 million, compared with $5 million for a new-build aircraft.