Mumtalakat 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.
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.