Another one bites the dust: Swiss airline Privatair files for insolvency

2
2243
By Konstantin von Wedelstaedt – http://www.airliners.net/photo/PrivatAir-(Lufthansa)/Airbus-A319-132LR/0409150/L/, GFDL 1.2, https://commons.wikimedia.org/w/index.php?curid=16235786

Privatair, the Swiss airline headquartered in Meyrin, which operates business jets as well as scheduled services on behalf of major airlines, today (5 December 2018) filed for insolvency proceeding in Switzerland. Privatair not only flourished in the days when it operated long-haul flights for the likes of Lufthansa, KLM and Swiss, the Swiss airline also hired a lot of ex-Sabena cabin crew. In 2019, Lufthansa intended to use Privatair for its Frankfurt-Pune (India) flights.

It is with great sadness that PrivatAir SA, Switzerland, announces today that it has filed to commence insolvency proceeding in Switzerland. Likewise its subsidiary PrivatAir GmbH in Germany has also filed for insolvency today,” the airline mentioned on its web site.

Over the past few weeks, a number of events have had a significant impact on the companies’ future business forecast and viability, which forced the companies to file for insolvency,” they added.

PrivatAir was created in 1977 in Switzerland. It directly employs today 226 staff in Switzerland, Germany and Portugal. It also uses the services of 65 crew members via an external contracting entity for its operation in Middle East (Jeddah – Riyadh shuttle). It will remain known as a truly unique company built by amazing people who showed extreme dedication to their work and unmatched service levels, and proved many times that the impossible in aviation could be made possible.

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.