This website uses cookies
More information
Business Air News
Business Air News
The monthly news publication for aviation professionals.
Related background information from the Handbook...

FAI rent-a-jet
Charter

BAN's World Gazetteer

Germany
The monthly news publication for aviation professionals.

Request your printed copy

Charter profits grew for FAI in 2011
German operator FAI rent-a-jet AG has reported record sales in 2011, generating operational revenues of more than €50m, which reflects an increase of around 20 per cent over the previous year.

German operator FAI rent-a-jet AG has reported record sales in 2011, generating operational revenues of more than €50m, which reflects an increase of around 20 per cent over the previous year. Most of the growth came from the vvip charter division, which increased its revenues to around €16m – more than double the 2010 total.

The air ambulance division generated 40 per cent of the total revenues, which was more than €20m in 2011, while special logistics for NGOs in Africa delivered another income of around €10m.

For the year of 2012 FAI is expecting further growth by at least 10 per cent, while a second CRJ 200 plus a second Global Express will join FAI's fleet in second quarter of 2012, bringing the fleet to 21 jet aircraft; 14 Learjets, two Challenger 604, two CRJ 200, two Global Express and a Falcon 900 DX EASy.

"Our main goal is to expand our business in the Middle East, especially in the UAE region, as we have just opened a branch office in Dubai and simultaneously have based one of our ambulance Learjet 60s at Al Bateen Airport in Abu Dhabi," says chairman Siegfried Axtmann.

"Furthermore FAI will target aircraft owners in this region to offer management services after obtaining CAMO and maintenance approvals from UAE's CAA," he adds.

Other News
 
FAI extends partnership with McLaren Formula 1
December 28, 2023
FAI has earned a place on the helmet of British race car driver Lando Norris after extending its aviation services partnership with the McLaren Formula 1 team.