PrivatAir, TAG Point to Bizav Economic Recovery

 - April 2, 2007, 7:10 AM

The business aviation outlook is improving, according to two international charter/management firms whose parent companies are both based in Geneva. PrivatAir announced last month that growth last year “was beyond all expectations,” helping to increase revenues by 20 percent. The first few months of this year “have shown a continuation of this trend,” it said. Meanwhile, San Francisco-based TAG Aviation USA (a subsidiary of Swiss-based TAG Aviation Holdings) reported a “strong rise in business during the first four months” of the year. During this period, TAG’s “revenue increased 7 percent over the comparable period last year, and profits improved more than 16 percent.”