Posted on: 25 November 2010 by Mark Howells
Darwin Airline is to take over the routes currently operated by Baboo and purchase part of Baboo’s operational assets, enabling Darwin to strengthen its position in the regional airline market.
Darwin will, however, continue to market some of its services under the Baboo brand.
The expanded airline’s network will serve more than 20 Swiss, Italian, French and other European destinations, operating a fleet of six Saab 2000s and two Bombardier Q400s.
Darwin aims to almost double its turnover from CHF40 million to around CHF80 million, carrying more than 500,000 passengers per year. The airline will continue to be headquartered in Lugano and will also have a base in Geneva operating the former Baboo routes.
The transaction is subject to the customary legal and commercial due diligence and to the approval of the authorities, but it is expected to be completed in early 2011. During the transaction period Baboo will continue its current operations.