Axtmann Holding acquires majority stake in German operator Fly Alpha

Nuremburg's Axtmann Holding AG, parent company of FAI rent-a-jet, has purchased 51 per cent in fellow Nuremberg-based operator Fly Alpha, with an option to complete full purchase at a later time. Fly Alpha's Hawker Beechcraft Premier 1A, Beechcraft King Air 200 and Beechcraft King Air 300 will now be available for charter through FAI rent-a-jet, although they will continue to operate under Fly Alpha's AOC.

Siegfried Axtmann, chairman of FAI rent-a-jet, says: “We noticed that there is a lot of opportunity in Europe for the shorter two-hour charter flights which we were not tapping into. Our fleet is more suited to longer range flights so it made sense to add in smaller aircraft to maximise use of our resources.”