German operator FAI rent-a-jet has added a Learjet 40XR to its fleet, under management for its owner. This boosts its Learjet fleet to 14 aircraft and the overall number to 20.

FAI now expects annual revenue for 2011 of more than €50m, which represents growth of around 20% year on year.

"With our brand new, company owned hangar and FBO facilities at Nuremberg, FAI is now more attractive for aircraft owners, looking for professional turnkey management," says Siegfried Axtmann, chairman and founder. "There are some owners around not quite happy with their existing management company," he adds.

FAI will be aiming to attract more when it exhibits for the first time at Jet Expo in September in Moscow with a booth and a Falcon 900 on the static display.