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Greece's MIG acquires large stake in FAI
The Marfin Investment Group (MIG) of Greece has acquired a 49.9 per cent stake in German air ambulance operator FAI rent-a-jet AG from the Axtmann family holding company.

The Marfin Investment Group (MIG) of Greece has acquired a 49.9 per cent stake in German air ambulance operator FAI rent-a-jet AG from the Axtmann family holding company. Siegfried Axtmann, FAI ceo and founder, says that the company will also benefit from fleet expansion in 2009.

FAI is expecting delivery of jet No. 11 in March. The factory new Falcon 900DX EASy will be offered to the high-end charter market and, says FAI, will be available for showing on EBACE's static display in May 2009.

The company has acquired a fifth Learjet 55 giving it a total of 10 Learjets. Four are operating in Africa under long-term NGO-charter contracts, one, a Learjet 60, is managed for its private owner while two Learjet 35As, two Learjet 55s and a Learjet 60, are operating as dedicated air ambulances out of FAI's Nuernberg, Germany, home base.

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