Nextant Aerospace Annouces Cygnus Aviation as Exclusive Sales Agent

• Cygnus Aviation named as exclusive sales agent for Venezuela, Colombia and the Caribbean
• The company has significant experience with light aircraft in Latin America
• The 400XTi’s unmatched value proposition, 3710km (2003nm) range, superior reliability and enhanced cabin environment are generating significant interest in Latin America

SÃO PAULO, BRAZIL, August 13, 2013 – Nextant Aerospace (“Nextant”), maker of the Nextant 400XTi, the world’s only remanufactured business jet, has announced the appointment of Cygnus Aviation LLC as the exclusive sales agent for Venezuela, Colombia and the Caribbean. These territories represent some of the most active private aviation markets in Latin America.

Cygnus Aviation will play a key role in defining Nextant’s sales, marketing and customer service strategy in the region. Company President Vicente Miralles has 25 years of experience in the Latin American market and deep product knowledge of light cabin aircraft.

"I am excited to be part of the Nextant team” said Mr. Miralles. “The 400XTi is both the best aircraft and the best value for the Latin American market. It has superior range, power and fuel efficiency – for example it has the high & hot performance to fly from Bogota to Miami nonstop, even in the summer heat. Plus, it has great reliability backed by solid technical support. There is a very dynamic private aviation market in this region and I am confident the Nextant 400XTi will achieve strong success."

Latin America has seen consistent robust growth in (High Net Worth Individuals) HNWIs investable wealth over last few years with an annualized growth of 4.1%, the highest among all the regions over 2007-2012. Latin America had the highest percentage of ultra-HNWIs in 2012 at 2.4% or 12,000 ultra-HNWIs compared with the global average of 0.9%.

Jay Heublein, Nextant Executive Vice President for Global Sales and Marketing, adds: “We view Latin America as a market with great potential. For the last five years it has seen strong growth in corporate revenues and its percentage of HNWIs is the highest in the world. Regulatory liberalization and increased regional trade mean that air travel is now more important than ever. Nextant provides the most cost effective solution of any light jet without compromising on range, reliability or comfort.”

About Nextant Aerospace

Nextant Aerospace was founded in 2007 for the primary purpose of developing an aircraft modernization program. The company is credited with being the first to introduce the concept of aircraft remanufacturing to the business jet market. The Nextant 400XT is a remanufactured Beechjet 400A/XP equipped with the Williams FJ44-3AP engines and Rockwell Collins Pro Line 21™ integrated avionics suite. The new aircraft also benefits from significant aerodynamic enhancements including newly designed nacelles, pylons and an improved engine mounting configuration. The 400XT is delivered as a new aircraft with a two-year, full aircraft warranty and is supported by a global network of owned and authorized service centers. Nextant's design and manufacturing facility is located in Cleveland, Ohio, at the Cuyahoga County Airport. For more information, please visit, like us on Facebook, follow us on Twitter @nextantaero or join us on LinkedIn.

Media contacts

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Maria Tanger Assessoria de Imprensa +44 7498 851 469