History
The airline was established in 1987 under the name of IFA-Flugbetriebs GmbH as a fully owned subsidiary of non-profit company, IFA International Flight Ambulance. In 1989, it was privatized and redeployed under the Flight Ambulance Service name. In 1992 FAI took over Grundig AG air services as part of an outsourcing strategy and structured in its present corporate form. In 2003 the company name was changed from FAI Airservice to FAI rent-a-jet. In 2004, FAI generated revenues of over 15 million euros. As of September 2012, 51% of the company is owned by Marfin Investment Group.
Read more about this topic: FAI Rent-a-jet
Famous quotes containing the word history:
“[Men say:] “Don’t you know that we are your natural protectors?” But what is a woman afraid of on a lonely road after dark? The bears and wolves are all gone; there is nothing to be afraid of now but our natural protectors.”
—Frances A. Griffin, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 19, by Susan B. Anthony and Ida Husted Harper (1902)
“The principle that human nature, in its psychological aspects, is nothing more than a product of history and given social relations removes all barriers to coercion and manipulation by the powerful.”
—Noam Chomsky (b. 1928)
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)