Subscribe Free
in General Aviation

Mumtalakat invests in FAI Aviation Group

Posted 5 May 2017 · Add Comment

Bahrain Mumtalakat Holding Company (Mumtalakat) has acquired a significant minority stake in Axtmann Aviation Holding that operates FAI Aviation Group (FAI), a provider of mission-critical aviation services, offering fixed-wing air ambulance, special missions, charter and aircraft management, as well as full MRO services.

Founded in 1986, FAI operates from its base in Albrecht Dürer International airport in Nuremberg, Germany. With over 30 years of experience in business aviation, FAI is one of the largest General Aviation operators in Europe. A market leader in intercontinental air ambulance patient transport, FAI offers continuous worldwide air ambulance services staffed with qualified medical personnel and state of the art medical technology. Its aircraft fly more than 13,000 flight hours annually and its clientele include the world´s leading insurance- and assistance companies, NGO´s and prominent health authorities in the wider GCC region.

Mahmood H. Alkooheji, Mumtalakat’s chief executive officer, said: “It has perhaps never been as important as it is today to support rapid aviation response to crisis situations. Over the last 30 years, FAI has significantly grown its capabilities and service offerings, establishing stable and lasting relationships across a diverse set of customers, helping critical aid services reach people across the world.”

He added: “This investment is aligned with our objective to invest in companies with strong track records of growth and experienced management teams. Aviation is a key component of our portfolio and we aim to leverage our sector knowledge and expertise to add value to the company and support its potential expansion into the wider GCC region.” 

FAI’s chairman, Siegfried Axtmann, added: “We are pleased that our specialised expertise in aviation services is globally recognised and delighted about the opportunity to cooperate with a powerful partner such as Mumtalakat. Together we will expand FAI as the leading player in the sector and increase our share in the General Aviation Market in the Middle East, adding value to the corporate and humanitarian sectors alike. Safety, efficient delivery and environmental protection are at the heart of our business.”

 

Siegfried Axtmann

* required field

Post a comment

Other Stories
Advertisement
Latest News

Airbus pulls the plug on A380 as Emirates cancels order

Airbus confirmed today that production of the A380 will end in 2021 following the decision by Dubai-based airline Emirates to cancel outstanding orders for the Superjumbo.

BAE Systems to present a range of technologically enhanced defence solutions at IDEX

BAE Systems will present a range of technologically enhanced defence solutions across land, sea, air, cyber, and training at IDEX 2019, which runs from 17-21 February at the Abu Dhabi National Exhibition Centre (ADNEC).

Kenyon International partners with the MEBAA

Kenyon International Emergency Services, a global leader in disaster management, is pleased to announce the continued partnership with the Middle East and North Africa Business Aviation Association (MEBAA).

Gulf Air adds Salalah to its network

Gulf Air has revealed its second destination for 2019 being Salalah, in Sultanate of Oman.

First 14 airlines confirmed for inaugural CONNECT Middle East, India & Africa forum

Fourteen airlines have already confirmed their participation at CONNECT Middle East, India & Africa – co-located with Arabian Travel Market 2019 and taking place at Dubai World Trade Centre on Tuesday 30th April and Wednesday 1st May.

Qatar Airways GCEO welcomes the Doha Declaration

Qatar Airways Group chief executive Akbar Al Baker has welcomed the publication of the “Doha Declaration”, a manifesto that calls for a radical review of the existing aviation regulatory framework.

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519ACCA19_BT2141218280219SaudiAirshowBT0711140319Aviation Africa BT0607280219IQPC 3CACBT290150319