FAI Announces Investments at Nuremberg Intl. Airport

German FAI Aviation Group has announced another € 5 m invest at Nuremberg Intl. Airport (EDDN), which will expand its existing FBO Facility by a 3,000 sqm “Hangar 7” including 600 sqm of workshops. This happened just 18 months after FAI had opened its brand new € 10 m-6,000 sqm FBO “Hangar 6” with a spectacular Opening Ceremony, which was hosted by Germany´s Federal Minister for Transport, Peter Ramsauer, in May last year.

“FAI´s growth expecially in the VVIP transport sector with heavy iron s. a. Global Express´, Challengers and CRJs requires a further expansion of our Hangar capacities to match the upcoming demand for high quality aircraft maintenance performed by FAI´s subsidiary FAI Technik GmbH, which holds a Part 145 Certificate for base- and line-maintenance of FAI´s 20 Jets-´Fleet, which currently is a dedicated Bombardier-Fleet, consisting of 14 Learjets (which represents Europe´s largest Learjet-fleet, also including 3 Challenger 604, 2 Global Express and 1 CRJ 200”, FAI´s Chairman and Founder Siegfried Axtmann in a statement.

FAI Group is employing a staff of 150 people at its Home Base Nuremberg and another staff of 50 at its foreign bases in Abidjan/Ivory Coast, Abu Dhabi/UAE, Dakar/Senegal, El Fasher/Sudan, Kabul/Afghanistan and Miami/USA. FAI expects for the fiscal year of 2012 consolidated revenues of close to € 60 m (US$ 78 m) after € 50 m in 2011. FAI is a member of Marfin Investment Group/Greece in collaboration with Axtmann Holding AG/Germany.

Rendering of new Hangar 7 to be opened by end of 2013

For further information please contact:
Petra Polster, PR
Email: press@fai.ag
www.fai.ag

Press Release Issued by:
FAI rent-a-jet AG

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