PrivatAir Files for Insolvency | Aviation International News

PrivatAir Files for Insolvency

Germany’s civil aviation authority Luftfahrt-Bundesamt revoked PrivatAir Germany’s license at the end of October.

The PrivatAir insolvency filing comes 41 years after the Swiss firm was founded.

By Cathy Buyck • Contributor - Europe

December 6, 2018

Following months of rumors about its financial difficulties, Swiss business aviation group and ACMI provider PrivatAir announced on Wednesday it filed for insolvency 41 years after it was established. Both PrivatAir SA in Switzerland and its subsidiary PrivatAir GmbH in Germany commenced insolvency proceedings.

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