Privatair SA was a Swiss airline headquartered in Meyrin, which operated business jets as well as scheduled services on behalf of major airlines. In addition the company operated crew and pilot training facilities. PrivatAir SA was a registered air carrier with two air operator's certificates, in Switzerland and through its subsidiary PrivatAir GmbH in Germany. On 5 December 2018, PrivatAir filed for insolvency and ceased operations. History PrivatAir was founded in 1977 as a corporate flying division of the Latsis family under the name Petrolair. In 1979, air traffic began on a Boeing 737-200 and offered business travel flights. In 1989, a Boeing 757 and a Gulfstream IV were added, and the name was changed to PrivatAir. On June 1, 1995, the company was then licensed by the Swiss Federal Office of Civil Aviation as a commercial airline. In March 2001 the PrivatAir Group was formed. Also in March 2001, the PrivatAir Group gained ETOPS 180 minutes and FAA 129 Foreign Carrier approval as a designated carrier under the US-Switzerland bilateral "open skies" agreement. These approvals allow the company to offer the most direct routes across the Atlantic and Pacific Oceans and unlimited operations to the US. At the time, PrivatAir was the only ad hoc commercial charter operator in the world with these approvals. In February 2002, PrivatAir completed the construction of its private terminal in Geneva, where its headquarters were then based. The new "C3" terminal was a joint venture between PrivatAir and Geneva International Airport and offered VIP passenger services to PrivatAir's customers. The corporate jet alliance AirClub was founded in Geneva in October 2012. In 2018 AirClub had eight members aside PrivatAir: ACM Air Charter, Air Alsie, AIR HAMBURG, Corporatejets, FLYINGGROUP, GlobeAir, London Executive Aviation and Masterjet. In May 2003, PrivatAir and Swissport created the joint company PrivatPort, which is an executive-jet handling business. In October 2003, German subsidiary PrivatAir Germany GmbH, Düsseldorf, gained JAR – 145 approval from the German civil aviation authority, giving the company more autonomy and flexibility within the framework of its operations on behalf of Lufthansa and Airbus. In November 2016, the majority of the company (51%) was taken over by the British investment company SilverArrow Capital. In October 2018, the German aviation authorities suspended the licence of PrivatAir's German subsidiary. On 5 December 2018, PrivatAir announced the end of operations and filed for insolvency for both its Swiss and German