Founded

2007

Headquarters

Cleveland

Key People

Kenneth C. Ricci (Chairman)

Number of Employees

1,600

Phone Number

(216) 261-9000

Website

Nextant Aerospace

Nextant Aerospace

Nextant Aerospace, which is based in Cleveland, specializes in the remanufacturing of business jets and turboprops. Kenneth C. Ricci founded the business in 2007.

Nextant, which is credited as the first American company focused exclusively on reselling modified business aircraft, introducing the 400XT, an upgraded Beechjet 400A/XP (Hawker 400), in 2010. The type was certified by the FAA in 2011, and the first Nextant 400XT was delivered in 2013.

In the same year, Nextant launched the G90XT program, a tip-to-tail remanufacturing of Beechcraft King Air C90 twin-engine turboprops. The remanufactured aircraft first flew in 2015 and received final FAA certification in 2018.

Nextant launched the 604XT program in 2017, this time using a Bombardier Challenger 604 as the base for remanufacturing. This is the company’s largest offering in terms of cabin size and range, and it has proven to be an attractive offering since its first delivery in late 2018.

Remanufactured aircraft often provide significant cost savings over new-build models of the same type, while not sacrificing performance, capabilities, or comfort. Nextant Aerospace has developed three offerings since its founding, each of which builds off of aircraft with a strong sales history. This allows for the inexpensive procurement of airframes from a large feedstock, further driving down the overall price a client will eventually pay for a remanufactured aircraft. 

Nextant Aerospace also provides service to military customers. Such programs include cockpit upgrades and associated support equipment for USAF T-1A trainers, as well as various upgrades to USAF T-6 trainers and USN C-26 aircraft.