The world’s only remanufactured business jet, the Nextant 400XTi is being delivered to the UK, the maker, Nextant Aerospace has announced this week. The aircraft will be operated by SaxonAir, Norwich-based business jet operators and exclusive UK sales representatives for Nextant.
Although six other 400XTi’s have been delivered to Europe, this is the first to come to the UK and it is hoped that the UK charter market will benefit from the addition as the aircraft can fly non-stop from London to any European city faster than any other in its class. The greater part of the European fleet operated in excess of 80-90 monthly hour and is a strong revenue generator.
Chris Mace, Group Commercial Director for SaxonAir Group said, “The 400XTi’s range allows our customers direct travel anywhere in Europe for considerably less than any other light jet and without sacrificing performance or comfort. The aircraft allows us to offer the productivity benefits of business aviation to whole new customer segments.”
Remanufacturing is growing stronger in Europe as operators focus on financial aspects. Other benefits include reduced environmental impact of remanufacture, compared to the manufacture of new products. In the U.S. the remanufacturing industry is worth around $50 billion, with yearly growth expectations of around 15%.
“There has been a lot of talk in Parliament and in the press about the benefits of remanufacturing,” continued Mr. Mace. “The 400XTi is proof of concept. The 400XTi performs like a new-build aircraft by every meaningful metric but costs a fraction as much to own and operate. That delivers value both to our business and our customer’s bottom line.”
At half the purchase price of a new production aircraft, Nextant is pioneering the concept of remanufacture for business aviation.