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:
“No one can understand Paris and its history who does not understand that its fierceness is the balance and justification of its frivolity. It is called a city of pleasure; but it may also very specially be called a city of pain. The crown of roses is also a crown of thorns. Its people are too prone to hurt others, but quite ready also to hurt themselves. They are martyrs for religion, they are martyrs for irreligion; they are even martyrs for immorality.”
—Gilbert Keith Chesterton (1874–1936)
“Look through the whole history of countries professing the Romish religion, and you will uniformly find the leaven of this besetting and accursed principle of action—that the end will sanction any means.”
—Samuel Taylor Coleridge (1772–1834)
“The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.”
—Walter Bagehot (1826–1877)