Aviation news analysis
50 SKY SHADES - World aviation news

FAI anticipates ‘business as usual’ following Brexit.

Download: Printable PDF Date: 29 Jun 2016 14:27 category:
FAI anticipates ‘business as usual’ following Brexit. - Business aviation publisher
Tatjana Obrazcova
Country: Germany Aircraft: Airplanes

Siegfried Axtman, CEO of FAI Rent a Jet, Germany’s largest business jet operator, says that he anticipates business for the German operator will carry on “as usual” with his British associates, partners and clients, whilst the effect of Brexit is established.

The FAI fleet, which consists of 20 Bombardier aircraft, is active in the international charter, leasing and medevac sectors. About 10% of its business is conducted directly with UK clients.  As Britain determines the terms of its departure from the European Union Axtmann anticipates that business will continue to develop with his British colleagues. Although he acknowledges, volatile currency exchange rates will have a negative effect on British business, in general, in the short term.

“For business aviation this is likely to decrease profitability of a number of companies as the wait-and-see effect takes hold. However much of business aviation trading is conducted in dollars which could provide some sort of buffer to the negative currency exchange rates the GB Pound is currently experiencing.”

“I suspect that Great Britain’s business aviation community will be given the same status as Switzerland which means holding a full EASA membership, but with some restrictions on flight operations within the EU,” he added commenting on the possible future status of the British Business Aviation within Europe. “We are also living in a time of consolidation and it may be that we see more activity in this area as European companies acquire those based in Great Britain, effectively giving them a ‘home’ in Europe. We will certainly be looking at opportunities such as these, but otherwise for FAI its business as usual. Great Britain will remain an important market for us.”

Loading comments for FAI anticipates ‘business as usual’ following Brexit....


Boeing with Successful Farnborough Airshow, Announcing $100 Billion in Orders and Commitments

Multi-billion dollar orders booked for aerospace services and products Jointly presented strategic partnership with Embraer Announced collaboration with AI company SparkCognition Launched fut...

Airbus and International SOS sign MOU on drone cargo delivery systems

Ensuring safe flight operations for a hub-to-hub drone delivery service Planning an urban to rural or a ship to shore maritime setting Using drones approved by the aviation authorities with a h...

The second MC-21-300 test aircraft has flown nonstop from Irkutsk to Zhukovsky

On 20 July 2018, the second MC-21-300 test aircraft, participating in the flight test program, flew from Irkutsk to the airfield “Ramenskoye” of Flight Research Institute n.a. M.M. Gromov...

Garmin Pilot app launches real-time engine data display with play-back, best-in-class document viewer and more for Apple mobile devices

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), announced several new additions to the Garmin Pilot™ feature set for Apple and Android mobile devices. Among the updates, w...