Nextant Aerospace Honored by Aviation Week Laureate Award

CLEVELAND, March 10, 2015 /PRNewswire/ -- Nextant Aerospace ("Nextant"), a Directional Aviation Capital company, maker of the Nextant 400XTi – the world's only remanufactured business jet – and the forthcoming Nextant G90XT turboprop, today announced that they have been awarded the Aviation Week Laureate Award.

The prestigious Aviation Week Laureate Awards are the benchmark of industry excellence, recognizing pre-eminence in aerospace achievement.  In the hotly-contested Business Aviation category, Nextant was in distinguished company alongside several famous industry names and earned the award for its success in aircraft remanufacturing.  In just seven years Cleveland-based Nextant has taken remanufacturing from obscurity to its current status as a market game-changer, delivering aircraft that match or exceed the performance, comfort and operating costs of new-build models but for just half the purchase price.

Remanufacturing is recognized as key to the future sustainability of business aviation in an increasingly resource-conscious climate.  Nextant's worldwide sales and after-sales success are proof that customers value the clear economic advantages of its products, especially for fleet replacement and renewal.

Replying to the Laureate Award, Nextant President and CEO Sean McGeough paid tribute to other finalists including Robert Bass with Aieron, Embraer and Pilatus, adding: "To be included among such great names and organizations is a huge honor for Nextant and for our sister companies in Directional Aviation. It's a tribute in which all our employees and supply chain partners can take well-earned pride.  Inspired by Kenn Ricci's vision, we have worked hard to pioneer the technical and commercial success of business aircraft remanufacturing, and it's fantastic that our achievements are recognized by our colleagues in the industry.  With 50 400XTi jets operating in 11 countries and our new G90XT turboprop due for certification this spring, Nextant is ready and eager to meet the market's need for aircraft that are tailor-made for today's challenging economic conditions."

About 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 is expected to repeat this success with the Nextant G90XT turboprop powered by next-generation GE H75-100 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.

About Directional Aviation Capital

Directional Aviation Capital is a private investment firm whose singular focus is private business aviation. Combining strategic aviation ownership, unmatched experience and revolutionary vision, Directional continues to innovate and reshape private aviation. Directional's unique industry expertise enables them to quickly understand business aviation companies and provide the financing and operational strategy needed to take advantage of evolving market opportunities. For more information, visit www.directionalaviation.com.

SOURCE Nextant Aerospace