Press Release

Issued by FAI rent-a-jet.

October 26, 2010

On October 21, 2010 under the patronage of Bavaria's Minister for Internal Affairs, Joachim Herrmann, FAI and guests celebrated the topping out of the new FAI hangar which will be ready for occupation by end of March 2011. FAI-Group Chairman Siegfried Axtmann pointed out during his speech, that the Euro 10 million investment into the hangar and office building is another milestone in FAI's successful company history, which started in 1987. The project includes 2,500 m2 of hangar space plus 1,500 m2 workshops and storage plus more than 2,000 m2 of office space. With the completion of the building, FAI will be able to perform maintenance on its wide body and heavy jets such as Global Express, Falcon 900, CRJ 200 and Challenger 604 independently. Currently FAI's hangar size is limited to maintain only Learjets, while other maintenance has to be outsourced to a third party, although FAI's EASA Part 145-organization is already certified to perform maintenance on these heavy types. FAI's current fleet consists of 18 Jets, including 2 Learjets 35A, 7 Learjets 55, 4 Learjets 60, 2 Challenger 604, 1 Falcon 900 and 1 Global Express. One of FAI's Challenger 604 is leased to Swiss Nomad Aviation.