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Mumtallakat invests in FAI Aviation Group.
Mumtallakat invests in FAI Aviation Group.

mumtallakat-web

Mumtallakat invests in FAI Aviation Group.

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of  the Kingdom of Bahrain, has acquired a significant minority stake in Axtmann Aviation  Holding GmbH that operates FAI Aviation Group (FAI), a leading global provider of  mission-critical aviation services, offering fixed-wing air ambulance, special missions,  charter and aircraft management, as well as full MRO services.  Founded in 1986, FAI operates from its base in Albrecht Dürer International airport in  Nuremberg, Germany. With over 30 years of experience in business aviation, FAI  is one of the largest General Aviation operators in Europe. A market leader in intercontinental  air ambulance patient transport, FAI offers continuous worldwide air ambulance services staffed with qualified medical personnel and state of the art medical technology. Its aircraft fly more than 13,000 flight hours annually and its clientele include the world´s leading  insurance- and assistance companies, NGO´s and prominent health authorities in the  wider GCC region. Commenting on this latest investment by the sovereign wealth fund, Mahmood H. Alkooheji,  Mumtalakat’s Chief Executive Officer, said, “It has perhaps never been as important as it is today to support rapid aviation response to crisis situations. Over the last 30 years, FAI has  significantly grown its capabilities and service offerings, establishing stable and lasting  relationships across a diverse set of customers, helping critical aid services reach people across the world.” Further explaining Mumtalakat’s interest, he noted, “This investment is aligned with our objective to invest in companies with strong track records of growth and experienced  management teams. Aviation is a key component of our portfolio and we aim to leverage  our sector knowledge and expertise to add value to the company and support its potential  expansion into the wider GCC region.” FAI’s Chairman, Siegfried Axtmann, added, “We are pleased that our specialized  expertise in aviation services is globally recognized and delighted about the  opportunity to cooperate with a powerful partner such as Mumtalakat. Together we  will expand FAI as the leading player in the sector and increase our share in the  General Aviation Market in the Middle East, adding value to the corporate and  humanitarian sectors alike. Safety, efficient delivery and environmental protection are at the heart of our business.” Jefferies International Limited acted as sell-side advisor on the transaction. The transaction is still subject to the approval by Cypriot and German Merger  Control Authorities.

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