FAI Technik, the maintenance
division of Germany’s FAI Aviation Group, has reported record financial results
in 2017 achieving revenues of €9.7M for the first time in the company’s history.
The division’s revenues mark a significant increase of 40% compared with 2016.
Siegfried Axtmann,
FAI Group Chairman, comments: “We are extremely pleased to close the year with
record results. Our excellent performance was driven by our ability to expand
our capacity to meet a growing demand for MRO-services. I am very proud of our
organization as we continue to develop our MRO-business.”
The company inaugurated
its new 4,500 m2 carbon neutral Hangar 8 last year, the largest
general aviation hangar complex in Germany complementing its
existing 2,000 m2 Hangar 6 and 3,000 m2 Hangar 7.
FAI Technik’s strong
performance has also been buoyed by its ability to take on more
challenging projects.
The Nuremberg-based
MRO which is supported by some 60 full time staff has recently
succeeded in undertaking its most expansive and challenging project
to date.
FAI Technik has
completed a 6,000-man-hour cabin conversion of a classic Global
Express aircraft for a corporate client including the installation
of an XRS cabin including a 180-month inspection and paint.
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FAI Technik's cabin
refurbishment of a Bombardier Global Express |
The MRO has also just completed a
combined 96 and 192 month inspection as well as a full cabin refurbishment and
new paint on a Challenger 604 on behalf of German GA Operator, Air Independence.
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Currently in progress
for the same customer is another full cabin refurbishment of a
Global Express, including the fitting of a Batch 3 Honeywell
avionics upgrade to enhance the existing features and capabilities;
the introduction of mandatory ADS-B Out technology and high-speed
internet, among other technical modifications to meet EASA standard.
Furthermore, this month,
FAI Technik completed its first combined 12 year/12,000 hour
inspection of a Learjet 60, having already complied with several 12
year inspections on Learjet aircraft in the past.
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“Looking forward, our team
remains focused on extending our remit and capabilities and delivering excellent
results for our customers. We anticipate taking on more challenging MRO projects
as we continue to grow in 2018.”
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