Refer to the passage below and then answer the question afterwards in the same language as the passage:

Passage: The airline was established in 1998 and started operations in May 1999. It was founded by four principal shareholders including Lionel Guérin and is owned by private investors (80.5%) and Brit Air (19.5%).Since 31 March 2013, all Airlinair flights have been operated under the name HOP!, Air France's regional brand.

Question: Who is the majority shareholder of Airlinair?
private investors