PlaneSense Signs Order For 5 Nextant 400XTi Aircraft

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 solidified a multiple 400XTi aircraft order from PlaneSense, Inc., a fractional aircraft ownership company based in Portsmouth, New Hampshire.

"This announcement represents the culmination of months of work between our two companies," said Nextant President and CEO Sean McGeough. "We're very excited to partner with a first class operation such as PlaneSense.  We have worked closely with their management team over the last year and believe the 400XTi will be a perfect complement to their current fleet of Pilatus PC-12 aircraft."

"Historically our program has only inducted new aircraft into our fleet," said President and CEO of PlaneSense, Inc., George Antoniadis. "We have been very impressed with the Nextant 400XTi remanufacturing process and the resulting enhancements. Thus, we have decided to integrate this aircraft into the PlaneSense fleet."

The new agreement is a five aircraft order, with two firm deliveries this year and the option for three additional in the future. The first delivery is to take place in June and the second early in the fourth quarter.

Source: Nextant Aerospace
Date: Mar 12, 2015