FAI adds four aircraft, becomes largest German operator
German company FAI Asset Management GmbH has acquired four Bombardier aircraft from an undisclosed vendor. The two Global Express models, and two Learjet 60 aircraft, will be leased from FAI Asset Management GmbH to the FAI Aviation Group.
This makes FAI Aviation Group the largest business jet operator in Germany with a total of 20 jets operating on the FAI AOC, and a Premier 1A on FAI owned, Fly Alpha´s AOC.
FAI Aviation Group operates three Global Express, five Challenger 604s, nine Learjet 60, two Learjet 55 and one Learjet 35.
According to FAI’s Chairman and owner Siegfried Axtmann the company is expecting utilisation of close to 14,000 hours airtime which combined will generate revenues exceeding €85m by the end of 2016. FAI´s sister company Fly Alpha operates two aircraft (Premier 1a and King Air 350) on behalf of corporate owners.
Axtmann said: “It´s a good feeling to be the largest business jet operator in Germany at a time when consolidation seems to be prevalent. With this in mind our primary goal is to continue to be one of the most profitable business jet operators in Europe and so far this year it is looking like we will achieve this again.”