FAI Aviation Group anticipates record sales for 2022

posted on 7th November 2022 by Eddie Saunders
FAI Aviation Group anticipates record sales for 2022

FAI Aviation Group, one of the world’s leading global providers of mission-critical aviation services anticipates record sales across the business for 2022, with consolidated group revenues of more than €120m.

Revenues for charter and MRO have each increased by more than 30% compared with the same time last year.

This latest news comes as FAI’s operations face the challenge of high fuel prices.

During the pandemic, the decrease in charter business was offset by an equivalent increase in its air ambulance operations.

Since the end of the pandemic, the group has experienced a steady increase in air ambulance work while charter outperformed, resulting in hitherto unexpected expansion in the sector.

The group expects to see a more moderate growth forecast at 8-10% per annum over the next five years.

In 2022, FAI Technik, the group’s dedicated and expanding maintenance division, which specialises in Bombardier business jets, completed five 120/240-month inspections on the Bombardier Global 700; eight 96/192 months inspections of Challenger 600 series aircraft and two 12-year inspections of Learjet 60’s.

With labour production close to 100,000 man-hours, 2022 will be the busiest year for FAI Technik since it was established more than 30 years ago.

Across its aircraft sales business, four sales transactions were closed in the first nine months of this year with two deals pending which are expected to close in the fourth quarter.

Siegfried Axtmann, Founder and Chairman of FAI Aviation Group comments: “We are very pleased with our recent success, which has been exceptional.

“This achievement has been made possible by the the dedication of our fabulous team who deliver outstanding customer service and absolute professionalism in everything that they do.

“Customers appreciate that and can feel the difference.”