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.