FAI Rent-A-Jet (IFA, Nuremberg) parent Axtmann Holding AG has acquired a 51% stake in fellow Nuremberg-based carrier FlyAlpha (Nuremberg) with an option to buy the remaining 49% at a later stage. The transaction, whose value has not been disclosed, will see Fly Alpha retaining its name and brand while managing director Marcus Kaiser and his staff will continue to work in their current roles.
“We have noticed that there is a lot of opportunity in Europe for the shorter two hour charter flights which we were not tapping into,” Siegfried Axtmann, Chairman of FAI rent-a-jet, said. "Our fleet is more suited to longer range flights so it made sense to add in smaller aircraft to maximise use of our resources. We identified Fly Alpha as we know them well and have always admired them as an operator. It was a good opportunity for us to work together more closely.”
Under the terms of the agreement Fly Alpha’s Premier IA, Beech (twin turboprop) King Air 200 and 300 aircraft will now be available for charter through FAI Rent-A-Jet, although they will continue to operate under Fly Alpha’s AOC. In addition, Fly Alpha will now benefit from improved economies of scale as well as access to FAI Rent-A-Jet's MRO unit, FAI Technik.
Both FAI and FlyAlpha specialize in general aviation and air ambulance services with clients primarily located in Germany, France, and Italy.
