Showing posts with label Privatair. Show all posts
Showing posts with label Privatair. Show all posts

09 December, 2018

PrivatAir ends operations and files for insolvency amid unpaid debts

Photo PrivatAir
A small aviation group from Geneva with over 40 years experience and a dedicated work-force has gone bust, much to the disappointment of many in the Swiss aviation industry.  

PrivatAir, like many small players in the European airline industry, had found business difficult in recent times and despite the hard work of the staff, the end came during the last week. The company filed for insolvency, which the firm confirmed with a brief statement on its website. 

In a statement, the carrier that employed nearly 300 staff said, "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."

"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." the statement read.

PrivatAir was created in 1977 in Switzerland, it had 226 staff members employed in Switzerland, Portugal and Germany directly.  The airline also indirectly hired around 65 crew members via outside companies for its Jeddah based Middle East operation.

Photo PrivatAir
"Like many small companies, they operated in a niche market and on paper, with an operation in Saudi Arabia, PrivatAir seemed to be in a better position that many other airlines of its size during these turbulent times." explains a leading Swizz aviation correspondent. "Yet the company lost a lucrative contract from a leading European legacy carrier to operate a Boston service was cancelled in April. Another route to India that PrivatAir had been contracted to fly for another legacy operation was also ended a little earlier this year. Then there was a licencing issue in Germany at the start of the winter period which caused some flights to be cancelled which itself was responsible for certain important bills to be left unpaid. Therefore the end was a case of when not if." 
  -- .

05 September, 2018

Pune is back on the schedule for Lufthansa

Pune is back on the schedule for the German carrier, Lufthansa as the airline reintroduces a new seasonal service to Pune in the state of Maharashtra, India.

The service will start on 28th October and will run until the end of March next year and plans are to possibly extend the service, dependent on demand. 

Pune is in the top ten of most populous cities in India and is considered a major cultural and educational hub in the region. It has sometimes been known as 'Oxford of the east' because of the number of leading educational establishments based in the city. It is also home to numerous government and non-government research centres as well as a number of motor manufacturing plants. Pune has also seen a growing number of tourists visiting the city and the region for its rich history, religious and spiritual establishments and impressive architecture and wondrous natural surroundings. 

This new service to Pune will be operated by a Privatair 737-700 aircraft, the flight is scheduled to operate twice a week and departs from Frankfurt at 1150, arriving in Pune at 0040 the next day, local time. On the way back the flight departs at 0210 from Pune, it will operate via Bucharest, for a technical/fuel stop, landing back in Frankfurt at 0845.