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FAI Technik reports record results in 2017

FAI Technik reports record results in 2017

The MRO division expands capacity and completes most challenging conversion project to date.

FAI Technik, the maintenance division of Germany’s FAI Aviation Group, has reported record financial results in 2017 achieving revenues of €9.7M for the first time in the company’s history. The division’s revenues mark a significant increase of 40% compared with 2016. Siegfried Axtmann, FAI Group Chairman, comments: “We are extremely pleased to close the year with record results. Our excellent performance was driven by our ability to expand our capacity to meet a growing demand for MRO-services. I am very proud of our organization as we continue to develop our MRO-business.”

The company inaugurated its new 4,500 m2 carbon neutral Hangar 8 last year, the largest general aviation hangar complex in Germany complementing its existing 2,000 m2 Hangar 6 and 3,000 m2 Hangar 7.

FAI Technik’s strong performance has also been buoyed by its ability to take on more challenging projects. The Nuremberg-based MRO which is supported by some 60 full time staff has recently succeeded in undertaking its most expansive and challenging project to date.

FAI Technik has completed a 6,000-man-hour cabin conversion of a classic Global Express aircraft for a corporate client including the installation of an XRS cabin including a 180- month inspection and paint.

The MRO has also just completed a combined 96 and 192 month inspection as well as a full cabin refurbishment and new paint on a Challenger 604 on behalf of German GA Operator, Air Independence.

Currently in progress for the same customer is another full cabin refurbishment of a Global Express, including the fitting of a Batch 3 Honeywell avionics upgrade to enhance the existing features and capabilities; the introduction of mandatory ADS-B Out technology and high-speed internet, among other technical modifications to meet EASA standard. Furthermore, this month, FAI Technik completed its first combined 12 year/12,000 hour inspection of a Learjet 60, having already complied with several 12 year inspections on Learjet aircraft in the past. “Looking forward, our team remains focused on extending our remit and capabilities and delivering excellent results for our customers. We anticipate taking on more challenging MRO projects as we continue to grow in 2018.”

About FAI Technik

Based at Albrecht Duerer Airport in Nuremberg, FAI Technik provides MRO services for Bombardier Learjet, Challenger and Global Express aircraft, including the FAI rent-a-jet AG operated fleet. It also supports FAI´s dedicated fleet of air ambulance jets.

About FAI Aviation Group

FAI Group operates Germany’s largest fleet of business jets and utilized more than 13,000 hours of air time in 2016. FAI´s group fleet of 23 jet aircraft and one Turboprop includes four Bombardier Global Express, six Bombardier Challenger 604s, 11 Learjet 60, one Learjet 55 plus one Premier 1A and one King Air 350. Headquartered at Albrecht Duerer Intl. Airport in Nuremberg, Germany, FAI runs a 14,000 m² carbon neutral FBO.

FAI employs a full-time staff of 200 people, including 60 mechanics and engineers at its in-house MRO plus some 50 part-time physicians and paramedics. FAI operates satellite offices in Dubai and Miami.

www.fai.ag

Information:

Liz Danner/Alison Chambers Emerald Media liz.Danner@emeraldmedia.co.uk / alison.chambers@emeraldmedia.co.uk T: +44 1420 560094 M: +44 7880 873689


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