SHANGHAI--(BUSINESS WIRE)--

Nextant Aerospace (Nextant), maker of the Nextant 400XT, has today announced the appointment of China Great Wall Industry Corporation (CGWIC) as exclusive sales agent for the Greater China Region (Mainland China, Hong Kong, Macau and Taiwan). The initial order of 18 Nextant aircraft (three firm with 15 options) worth $89 million is to be delivered over the next 24 months, starting later this year. The aircraft will be a mix of business and special mission configurations. The Chinese aerospace leader will also play an instrumental role in establishing the Nextant service, support and parts distribution in China.

Established in 1980, CGWIC has been on the cutting edge of Chinas aerospace industry. CGWIC is the only authorized primary contractor for products and services of Chinas space industry, providing professional services that include the manufacture and launch of satellites and space systems exhibitions, international logistics, trade, tourism and international bidding. The multi-billion dollar company has strong technological expertise and thirty years of experience delivering safe, reliable and high quality products with strong aftersales support.

There could not be a better partner for us in China, said Nextant Aerospace President Sean McGeough. CGWICs knowledge of the Chinese aerospace market, existing vast national infrastructure and long experience working with Western organizations is unsurpassed. They also have the resources and long-term focus required to assure safe, stable and high quality service for decades to come. The initial order of 18 Nextant aircraft is a strong sign of commitment from CGWIC.

CGWIC was one of the first companies in China to actively work with Western business partners and has since been devoted to the domestic and international development of Chinas aerospace industry. CGWIC has significant experience working within the international marketplace, employing some of Chinas top engineers and brightest marketing professionals. It is known for integrating resources through innovation to deliver outstanding customer service.

CGWIC has a strong reputation for delivering very sophisticated products and catering to complex after-sale service demands. They are well respected within the financial and insurance communities, said McGeough. It is a reputation well earned through thirty years of quality work with international and domestic partners. We also see a strong demand for Special Mission aircraft in China and CGWICs vast technical expertise and regional network will be instrumental in developing that market.

Nextant currently has a global infrastructure of owned and operated service centers and the worlds largest rotable parts inventory for the BE40 series aircraft which includes the 400XT. CGWIC will lead the expansion of that service and support infrastructure in China.

Nextant has been a pioneer in delivering new products with outstanding quality at significantly lower costs, said Liu Lan, Senior Marketing Director of CGWIC. As a company founded on the principles of innovation, technology and quality, we are proud to develop the Chinese market with Nextant. We believe our cooperation will provide more business travel solutions for Chinese customers.

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Nextant Aerospace Announces China Great Wall Industry Corporation as Exclusive Sales Agent in China