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:
“In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“History has neither the venerableness of antiquity, nor the freshness of the modern. It does as if it would go to the beginning of things, which natural history might with reason assume to do; but consider the Universal History, and then tell us,—when did burdock and plantain sprout first?”
—Henry David Thoreau (1817–1862)
“Literary works cannot be taken over like factories, or literary forms of expression like industrial methods. Realist writing, of which history offers many widely varying examples, is likewise conditioned by the question of how, when and for what class it is made use of.”
—Bertolt Brecht (1898–1956)