FAI rent-a-jet AG (dba FAI Flight-Ambulance-International) was founded in 1986 as a 100%-subsidiary of a private club under the company name of IFA-Flugbetriebs GmbH. In the year of 1989 the private club sold the company by an outsourcing process and the company‘s name was changed into FAI. Since that time the company was owned by the Axtmann-Family’s Holding and is fully independent.

In 1991 FAI took over the GRUNDIG-Flight-Department during another outsourcing process. For many years FAI was busy in different sectors of the General Aviation Market, such as Air Ambulance, Executive Charter, Maintenance and Aircraft Leasing. Since 2001 when FAI acquired its first two Learjet Aircraft (Learjet 35A + Learjet 55), the company has been concentrating to Air Ambulance related business, which includes Medevac-Support with currently 6 Aircraft under long term Contract on the African Continent with the world´s largest NGO.

Since 1987 FAI holds an Air Operator Certificate (AOC) under license no. D-049-AOC, issued by the German Federal Ministry of Transport, as well as an Aircraft Maintenance license for aircraft of the manufacturer Learjet-Bombardier and Falcon Dassault, license no. DE.145.0062 EASA Part-145. FAI also has an in-house pilot-training center (TRTO) under license no. D-TRTO 1.062

All three licenses are quality seals, certifying that all quality requirements are met for both air transport, maintenance and pilot-training. This is compulsory for all German Airservice Providers.

For the first time, in May 2007, FAI was awarded with EURAMI’s (European Aero-Medical Institute) Certificate “Critical Care”, which is the highest certification EURAMI is issuing to Air Ambulance Operators. Recertification-Audit was passed in June 2010.

In December 2008 the Axtmann-Family sold a 49,9 % stake in FAI to MIG Aviation Holdings Ltd., Nicosia, Cyprus, a 100 % subsidiary of MIG Marfin Investment Group Holdings S. A., Athens, Greece, which is not only the largest Investment Group in Greece, but also one of the largest ones in Eastern Europe. MIG numbers in excess of 50,000 employees and associates and has a presence spanning over 40 countries. MIG is headquartered in Greece and listed on the Athens Exchange. 58 % of its share capital is held directly or indirectly by Greek strategic, institutional investors, MIG´s largest single Shareholder with a stake of 18 % is Dubai Group LLC, the private investment-company of Dubai´s ruler. In June 2010, MIG rised its interest in FAI to 51 %, after exercising a call-option. In March 2009 FAI acquired a 60 % stake in Nomad Aviation, Switzerland, a Swiss EU-OPS1 Operator, operating one Challenger 604 under Management Contract in the past, but from March 2010 on operating a fleet of 3 ea. Challenger 604 (plus one Embraer) Legacy 600 + one Citation Jet under Management Contract). This stake was sold within a Management-Buy-out to the Managing Directors in June 2010, effective July 1, 2010. In summer 2010 the company started construction of a company owned state of the art Hangar- and Office-Building, which will be ready for occupation in April 2011.

Since 2009, when a factory new Falcon 900 DX EASy joined the fleet, FAI has expanded the activities in Executive Travel by adding in 2010 one Global Express, one CRJ 200 and one CL 604 to the fleet.

For 2011 the acquisition of a second Global Express is scheduled.

Fixed-Wing-Fleet: FAI’s Learjet-fleet totals 13 Aircraft (10 of them are owned by FAI, two Learjets 60 are leased from a Bank, one Learjet 60 is under Management-Contract) – which reflects one of the world’s largest Learjet-fleets.

FAI‘s total fleet is consisting of 18 aircraft (2 ea. Learjet 35A + 7 ea. Learjet 55 + 4 ea. Learjet 60 + 1 Falcon 900 DX EASy + 1 CRJ 200 + 2 ea. Challenger 604 + 1 Global Express Ultra Long Range Jet). One of the 2 ea. CL 604 is leased out to Nomad Aviation, Switzerland.

Beside UN, FAI is also approved Service-Provider of ICRC (Intl. Committee of the Red Cross), WFP (World Food Program) and other global acting Health- and Relief-Organisations.

In the fiscal year of 2010 FAI generated consolidated revenues of more than €42m ($55m), what reflects an increase of more than 20% versus 2009. 40% of the revenues (= €18m) were generated by the business sector "worldwide Patient Transport by Ambulance Jet", 35% in "Public Services" for NGO's in Africa, 20% in "VIP-Charter" and 5% in "Aircraft-Leasing and Maintenance for 3rd Party". For the fiscal year of 2011 FAI estimates consolidated revenues of approximately €50m (=$65m), what reflects another increase of more than 20%.