FAI Aviation Group anticipates record sales for 2022

Monday 7th November 2022

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FAI Aviation Group, one of the world’s leading global providers of mission-critical aviation services  anticipates record sales across the business for 2022,  with consolidated group revenues of more than €120m. Revenues for charter and MRO have each increased by more than 30% compared with the same time last year. This latest news comes as FAI’s operations face the challenge of high fuel prices.

 

During the pandemic,  the decrease in charter business was offset by an equivalent increase in its 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 annum over the next five years.

 

In 2022, FAI Technik,  the group’s dedicated and expanding maintenance division, which specialises in Bombardier business jets , completed five 120/240-month inspections on the Bombardier Global 700; eight 96/192 months inspections of Challenger 600 series aircraft and two 12-year inspections of Learjet 60’s. 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 which are expected to close in the fourth quarter.

 

Siegfried Axtmann, Founder and Chairman of FAI Aviation Group comments: “We are very pleased with our recent success, which has been exceptional. This achievement has been made possible by the  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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   FAI Air Ambulance, Challenger 604; FAI's Bombardier Global Express interior

 

About FAI Aviation Group  

 

FAI Aviation Group operates Germany´s largest fleet of Bombardier business jets. The fleet includes five Global Express, one Challenger 850, six Challenger 604s, seven Learjet 60s and one Premier 1A light jet. FAI runs a 14,000 m² carbon-neutral fixed-base operation at its Nuremberg, Germany headquarters, employing a staff of 250 people, including 70 mechanics and engineers at its in-house MRO FAI Technik GmbH.  FAI´s Group revenues in 2021 were close to € 100 m with a fleet utilization of ca. 12,000 hours of airtime.

 

FAI was proud to receive the Diamond Safety of Flight Award from the European Business Aviation Association (EBAA) in May 2018, marking the highest safety recognition awarded by EBAA to member companies operating business aircraft for 50 years or 100.000 hours without accident.

In 2019 FAI received a 10-year anniversary award from MEBAA, reflecting the fact that 20 % of its flying activity is now in the Middle East and was honoured with an Aviation Annual Achievement Award, in recognition of its 30 years of air ambulance and special mission flying.

In 2020 and 2021 FAI received the prestigious Award “Air Ambulance Company of the Year” from ITIJ Magazine.

 

In 2021, FAI was awarded the Pandemic Response Special Award in recognition of its response to the Covid-19 pandemic.

FAI is official supplier of the McLaren Formula 1 Team.

 

www.fai.ag