FAI's Hangar 8 project on track to break ground in June

Monday 1st February 2016

FAI Asset Management GmbH has confirmed that it will be breaking ground for its third hangar at Albrecht Dürer Airport in Nuremberg in June of this year. The new hangar, which represents an investment of €6m, will increase FAI's hangar floor space by another 4,500m², bringing the total size of the FAI facility to 13,500m². Known as Hangar 8, the new building, accommodating a wingspan of 90m, will allow maintenance work to be performed on three aircraft up to the size of an Airbus A320 and Boeing 737-800 at the same time. The new hangar comes with an attached 250m² departure building which will accommodate a VIP-Lounge with bar, conference room and office for FAI passengers and crew.

The third hangar will also add further maintenance workspace and parking capabilities to FAI's existing site, which already incorporates administration offices, a fully serviced FBO,  FAI's 24/7 Air Ambulance Operation Center, component shops and training facilities for FAI staff.  The need for the extra space has been driven by the growth of FAI´s own fleet, and increased demand from its international client base. Hangars 6 and 7 will be occupied with base maintenance while the new Hangar 8 will be used predominantly for line maintenance, cleaning and parking. It is anticipated the hangar will be fully operational by end of 2016. On completion it will be one of Europe's largest hangars in General Aviation.

"Our final plans were approved by the Airport Company in mid-January and will be submitted to the city´s building department during the first week of February. Final negotiations with contractors are ongoing, and should be completed by the end of February," said Siegfried Axtmann, Chairman of FAI group.

About FAI:

FAI is Germany's largest operator in General Aviation by fleet utilization, having operated more than 13,000 hours of flight time in 2015; FAI operates the second largest fleet in Germany incorporating 20 jet aircraft including three Bombardier Global Express, five Bombardier Challenger 604, nine Bombardier Learjet 60, two Bombardier Learjet 55 and one Bombardier Learjet 35. Headquartered at Albrecht Dürer International Airport in Nuremberg, Germany, it operates a 9,000 m² carbon neutral FBO which will be expanded in 2016 by another 4,500 m².

FAI employs a full time staff of 180 people, including 60 mechanics and engineers at FAI´s in house MRO plus some 50 part time physicians and paramedics. FAI operates satellite offices in Dubai and Miami, as well as line stations in Baghdad, Kabul, Entebbe, Abidjan, Bamako and Dakar.

www.fai.ag