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

Emirates and Qantas to renew their vows

Emirates and Qantas are hoping to continue their special relationship and have applied to the the Australian Competition and Consumer Commission (ACCC) to renew their alliance.

EAG launches second Fikra University project

Etihad Aviation Group (EAG) has launched its Fikra University project for 2017. Fikra University is a competition which aims to foster entrepreneurship and innovation with students across the UAE.

Inzpire delivers cyber, UAS and ISR training to Royal Jordanian Air Force's new ISR wing

Inzpire's training experts have recently delivered tailored Cyber, Intelligence, Unmanned Air Systems (UAS) and Intelligence, Surveillance and Reconnaissance (ISR) training courses to a cohort of Royal Jordanian Air Force (RJAF)

AJW Group announces Tom De Geytere as chief sales officer

AJW Group has announced the promotion of Tom De Geytere to Chief Sales Officer to support its fast-growing business.

Flitetec launching new products at Dubai Airshow

UK-based aircraft interiors company, Flitetec, is set for the global launch of new products when it attends its first Dubai Airshow next month (12 to 16 November).

Rolls-Royce Trent 7000 powers Airbus A330neo first flight test

The Rolls-Royce Trent 7000, the latest member of the Trent family of engines, has successfully powered the new Airbus A330neo into the skies for its first test flight today.

Kuwait Aviation SK1909310118
See us at
AIMA Africa 2017AIME BT1204240118Aviation Africa BT18418DIAC BT1105121117Aviation Show 267291117DAS BT1105161117DASAS BT3006161117Global Aerospace BT28218