FAI Aviation Group now accepts cryptocurrency


FAI Aviation Group now accepts major cryptocurrencies such as Bitcoin and Ethereum as a method of payment across all its global services.

The German operator said that the decision was made in response to “high demand” for the acceptance of cryptocurrency.

Siegfried Axtmann, chairman and founder, FAI Aviation Group, said: “FAI is a forward-thinking business and following requests from clients and following our own research, we decided to accept cryptocurrency as an additional payment option.”

Axtmann added that cryptocurrency has progressively gained popularity as a form of payment in business aviation, offering a fast and secure service. Transactions are also not limited to banks’ business hours.

FAI Aviation Group said the decision aims to enable it to expand its customer base, as well as benefit current clients.

We anticipate our customers will appreciate the choice and that it will help give our business a competitive edge,” said Axtmann.

FAI Aviation Group added that it anticipates record sales for 2022, expecting group revenues of around €120m ($126.8m) and a growth forecast at 8-10% per annum over the next five years.

The European operator has one of Germany´s largest private fleets of Bombardier business jets. The fleet includes five Global Express, one Challenger 850, six Challenger 604s and seven Learjet 60s.