FAI accepts cryptocurrency payments in response to demand

Monday 12th December 2022

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FAI Aviation Group, one of the world’s leading global providers of mission-critical aviation services is pleased to announce that it now accepts major cryptocurrency such as Bitcoin and Ethereum as an additional method of payment across all its global services, effective immediately. Cryptocurrency has progressively gained popularity as a legitimate form of payment in business aviation, affording a secure way to make transactions without sharing sensitive financial information.  As a result, more and more businesses are accepting the digital currency. In turn, FAI hopes its decision will enable it to widen its customer base as well as help existing customers by offering greater choice when paying for their aviation services.

 

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. Cryptocurrency offers a fast, secure and efficient alternative which is not limited to the hours when the banks are open. We anticipate our customers will appreciate the choice and that it will help give our business a competitive edge.”

 

This latest news comes as FAI Aviation Group anticipates record sales across the business for 2022, with consolidated group revenues of more than €120m. The group expects to see a more moderate growth forecast at 8-10% per annum over the next five years.

FAI Aviation Group's Nuremberg, Germany

headquarters, hangar six and seven

 

 

 

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 and seven Learjet 60s. 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.

In 2022, FAI was awarded “20 years of Aviation Excellence in the Middle East” by MEA Business at the Aviation Innovation Awards.

FAI is official supplier of the McLaren Formula 1 Team.

www.fai.ag