Nextant 400NEXT to Combine Light Jet Pricing and Medium Jet Performance

RICHMOND HEIGHTS, OHIO — April 2nd, 2008 — Nextant Aerospace announced today the public launch of its Nextant 400NEXT.  The Nextant Aerospace 400NEXT Beechjet Retrofit and Modernization program will fill a market demand of a modern, medium range (2000 nautical mile) business aircraft priced under $5.0 million dollars.

The 400NEXT eliminates one of the significant deficiencies to the very popular Hawker 400XP/Beechjet 400A.  By replacing the existing out dated Pratt & Whitney JT15D engines with new modern Williams FJ44-3AP dual FADEC (Full Authority Digital Engine Control) engines and incorporating new Rockwell Collins Pro Line 21 avionics suites, the range of the 400NXT will be increased from 1180 nautical miles to over 2000 nautical miles (4 passenger, NBAA IFR range) and the operating costs reduced by 27% , based on fuel savings alone.

“Combining this engine modification with an upgraded state-of-the-art cockpit, will make the 400NXT a true "Category Killer", outperforming all other light jets at its price point and offering a purchase price of less than half for an aircraft with the same performance” said Kenn Ricci, CEO of Nextant Aerospace.

The 400NXT will be offered as a remanufactured serialized production aircraft as well as a modification retrofit program.

Fully modified, the 400NXT will sell for under $5.0 million and will be available with various cabin configurations and entertainment options.

Over the past 9 months, Nextant has completed the preliminary engineering phase and due diligence required in order to minimize risk and ensure the success of the program.  For additional information please visit www.nextantaerospace.com .

About Nextant Aerospace
Nextant Aerospace was formed for the primary purpose of developing an aircraft modernization program with its research and development facility located at Cleveland’s Cuyahoga County Airport (CGF).  Nextant operates two full-service corporate aircraft maintenance and overhaul facilities located across the United States.  The service center network has current locations at Cleveland Hopkins International Airport (CLE) and Birmingham Alabama International Airport (BHM) with two additionally planned facilities to be opened within the next 12 months.  The manufacturing, completions and delivery center is scheduled to be opened in the 2nd quarter of 2009. For more information, please visit www.nextantaerospace.com .

About Rockwell Collins
Rockwell Collins (NYSE: COL) is a pioneer in the development and deployment of innovative communication and aviation electronic solutions for both commercial and government applications. Our expertise in flight deck avionics, cabin electronics, mission communications, information management, and simulation and training is delivered by 20,000 employees, and a global service and support network that crosses 27 countries. To find out more, please visit www.rockwellcollins.com .

For more information:
Nextant Aerospace
355 Richmond Rd.
Richmond Heights, OH  44143
216.261.9000
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www.nextantaerospace.com