Given that Privatair belongs to one of the richest Greek shipping tycoons in the world (nope, not Stelios' old man ... this bloke could buy him out with his pocket change) I too doubt it!!
Sure, they've spent a lot of money on their new BBJs and their acquisition of various FBOs (including Transair) - but at the end of the day I think it will pay off handsomely for them.