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Air bp
The monthly news publication for aviation professionals.
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FAI Group anticipates record sales for 2022
2022 revenues for FAI charter and MRO are up by more than 30 per cent over the same time last year, despite the challenge of high fuel prices. The group forecasts more moderate growth over the next five years.
Four sales transactions were closed in the first nine months of this year, with two deals pending for the fourth quarter.
Read this story in our December 2022 printed issue.

Nuremberg, Germany-headquartered FAI Aviation Group anticipates record sales across the business for 2022, with consolidated group revenues of more than 120 million euros. Revenues for charter and MRO have each increased by more than 30 per cent compared with the same time last year, despite the challenge of high fuel prices.

During the pandemic, the decrease in charter business was offset by an equivalent increase in air ambulance operations. Since the end of the pandemic, the group has experienced a steady increase in air ambulance work while charter outperformed, resulting in hitherto unexpected expansion in the sector. The group expects to see a more moderate growth forecast at 8-10 per cent per annum over the next five years.

In 2022 FAI Technik, the group's dedicated and expanding maintenance division that specialises in Bombardier business jets, completed five 120/240 month inspections on the Bombardier Global 7000; eight 96/192 month inspections of Challenger 600 series aircraft and two 12 year inspections of Learjet 60s. With labour production close to 100,000 man hours, 2022 will be the busiest year for FAI Technik since it was established more than 30 years ago.

Across its aircraft sales business, four sales transactions were closed in the first nine months of this year with two deals pending that are expected to close in the fourth quarter.

Founder and chairman Siegfried Axtmann says: “We are very pleased with our recent success, which has been exceptional. This achievement has been made possible by the dedication of our fabulous team who deliver outstanding customer service and absolute professionalism in everything that they do. Customers appreciate that and can feel the difference.”

FAI continues its successful collaboration with McLaren as the official supplier of the McLaren F1 Team, and will be supporting the team during the remaining races of the season.

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