50 SKY SHADES - World aviation news

FAI accepts cryptocurrency payments in response to demand

Download: Printable PDF Date: 27 Dec 2022 08:33 (UTC) category:
FAI accepts cryptocurrency payments in response to demand - Business aviation publisher
Dana Ermolenko
Aircraft: Airplanes

FAI Aviation Group now accepts major cryptocurrency such as Bitcoin and Ether as an additional method of payment across all its global services, effective immediately. Cryptocurrency has progressively gained popularity as a legitimate form of payment in business aviation, affording a secure way to make transactions without sharing sensitive financial information.  As a result, more and more businesses are accepting the digital currency. In turn, FAI hopes its decision will enable it to widen its customer base as well as help existing customers by offering greater choice when paying for their aviation services.

Siegfried Axtmann, Chairman and Founder, FAI Aviation Group, commented: “FAI is a forward-thinking business and following requests from clients and following our own research, we decided to accept cryptocurrency as an additional payment option. Cryptocurrency offers a fast, secure and efficient alternative which is not limited to the hours when the banks are open. We anticipate our customers will appreciate the choice and that it will help give our business a competitive edge.”

This latest news comes as FAI Aviation Group anticipates record sales across the business for 2022, with consolidated group revenues of more than €120m. The group expects to see a more moderate growth forecast at 8-10% per annum over the next five years.

Loading comments for FAI accepts cryptocurrency payments in response to demand...


Elixir Aircraft closes financing for the next 5 years with a budget of 40 Millions euros

Elixir Aircraft has finalized its capital financing of 40 million euros over the next five years. The financing was completed by raising funds from several investors, including Innovacom, Bpifran...

Engine Maintenance Service contract for Smartwings’ Boeing 737NG and MAX fleets

Smartwings and Lufthansa Technik signed an agreement to support the largest Czech airline with comprehensive Engine Maintenance Services for LEAP-1B engines for its Boeing 737 MAX fleet. The first ind...

Piranha Aerospace and First Aviation Services partner to expand presence in Airbus Helicopter aftermarket

First Aviation Services is excited to announce the addition of main rotor blade repair capabilities for the AS350/H130 model aircraft. Historically, First Aviation and its subsidiary Aviation Blade Se...

American Airlines becomes only U.S. carrier to fly between New York and Tokyo

Traveling to Japan will get easier this summer with new service from American Airlines between New York (JFK) and Tokyo Haneda International Airport (HND). Last week, the United States Department...

Mobile Apps development The drones news