Privatair plans Bahrain expansion
PrivatAir is targeting a July 1 opening date for its new charter/management business in Bahrain. The company recently went through a restructuring aimed at making it leaner but still profitable, after having been purchased by a group of private investors, including CEO Greg Thomas. PrivatAir’s main business consists of wet leasing all-business-class single-aisle airliners equipped with long-range fuel tanks. PrivatAir has three Boeing BBJ2s on wet lease to Lufthansa, one BBJ2 to Swiss and a BBJ1 to KLM, with contracts signed for three to five years. The company also offers its own VIP-configured Boeing 757 and 767 based in Geneva, and it has two 787 Dreamliners on order.