Private jet manufacturer looks to Middle East buyers

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Picture for illustration purposes only)

(Picture for illustration purposes only)

American business jet manufacturer Nextant Aerospace has targeted buyers in the Middle East for its latest aircraft – Nextant 400XT.

Company directors have been in the UAE this week, meeting with entrepreneurs and high net worth individuals to promote the remanufactured jet, which they claim costs half the amount of comparable aircraft, at about $4.5m.

Seating up to eight passengers, the jet has a range of 6,000 nautical miles – much more than others in its category which typically fly 1,400 nautical miles. Its operating costs are about 30 percent less than similar jets, at less than $1,500 per hour.

President of Nextant Aerospace, Sean McGeough, said: “Historically Middle East buyers have liked large long-range aircraft but people are recognising the benefits of smaller models.”

He added that Nextant was hopeful of securing up to five orders from the Middle East this year.

The company has also been targeting buyers in Europe, where McGeough hopes the fuel-efficiency and value for money of the 400XT will attract interest.

Related:
Topics
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Time is money: How to invest in luxury watches

Time is money: How to invest in luxury watches

Arabian Business reveals the three pillars of choosing a vintage...

6
Inside a royal super yacht

Inside a royal super yacht

Arabian Business takes a peek inside a multi-million-dollar yacht...

Luxury travel in the Middle East

Luxury travel in the Middle East

The Travel Attaché is a luxury lifestyle brand making waves in...

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams