Axtmann Holding AG acquires majority stake of German operator Fly Alpha GmbH

Two Nuremberg-based operators have come together as Axtmann Holding AG, parent company of general aviation and air ambulance specialist operator FAI rent-a-jet, has announced the purchase of a majority stake in Nuremberg-based operator Fly Alpha. The deal sees Axtmann Holding AG take a 51% stake in the company, with an option to complete a full purchase at a later time. Under the terms of the agreement 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. The transaction, which took place for an undisclosed amount, sees Fly Alpha retaining its name and brand for which it is well known. It will remain under the management of Marcus Kaiser, the Managing Director, and the existing team will maintain their roles.