PrivatAir business model ‘optimised to respond more flexibly to market developments’: President

    PrivatAir supervisory board president Thomas Limberger commented on restructuring challenges the airline faced from 2016 (aeroTELEGRAPH.com, 23-Oct-2018). “We knew that operationally much had to be changed and that the company would require financial support”, he said, which included shareholder investment of CHF25 million (EUR21.9 million) to accelerate financial restructuring after 2016. PrivatAir’s business model has since “been optimised to respond more flexibly to market developments”, Mr Limberger said, adding: “We are on the right path with restructuring… PrivatAir is now able to fly for Lufthansa without restriction”. As previously reported by CAPA, Lufthansa plans to replace A319 with leased PrivatAir Boeing 737-700 aircraft on FrankfurtPune service from 01-Feb-2019.