Just for the records:
Privatair is closing down MUC base in autumn 2011.
Privatair lost the KLM deal; no more AMS-IAH as of Nov 2011.
Privatair will discontinue it's Swiss route to EWR by March31st 2012.
I recently read their new slogan: "From VIP to refugee".
Apparently, Privatair will be assisting an African Operator to set up it's own business/AOC.