09.07.2015 | Deal Notifications, Press releases

KPMG Law advises Axtmann Holding AG on the acquisition of shares in FAI rent-a-jet Aktiengesellschaft

KPMG Rechtsanwaltsgesellschaft mbH (KPMG Law) successfully advised Axtmann Holding AG on the purchase of shares in FAI rent-a-jet Aktiengesellschaft (FAI).

The seller is MIG Aviation Holdings Ltd., a wholly owned subsidiary of Marfin Investment Group Holdings S.A., the largest investment fund in Southeastern Europe. The purchase price amounts to 25.2 million euros. With the acquired package, Axtmann Holding AG increases its already existing stake in FAI to 100 percent.

FAI is a German general aviation airline based at Nuremberg Airport. Its focus is on demand flight. Based on the criterion of fleet utilization, FAI rent-a-jet Aktiengesellschaft is Germany’s largest provider in the general aviation sector. More than 12,700 hours of flight time were logged in 2014. With 21 jets, FAI maintains the second largest fleet in Germany. The company specializes in air support in hostile areas for the world’s largest NGO.

Currently, FAI rent-a-jet Aktiengesellschaft operates six aircraft under long-term charter agreements. It is also one of the largest operators of ambulance jets in the world. The company is headquartered at Albrecht Dürer Airport in Nuremberg, Germany, employs 180 full-time staff and maintains additional offices in Dubai and Miami, as well as line stations in Baghdad, Kabul, Entebbe, Abidjan, Bamako and Dakar.

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