PrivatAir SA, Switzerland, announces that it has filed to commence insolvency proceeding in Switzerland. Its subsidiary PrivatAir GmbH in Germany has also filed for insolvency.

The companies’ future business forecast and viability has been affected by multiple events, which forced the companies to file for insolvency.

PrivatAir was created in 1977 in Switzerland. It directly employs today 226 staff in Switzerland, Germany and Portugal.