Darwin to buy Baboo in consolidation

Geneva and Lugano, Switzerland – Darwin, Swiss regional airline based in Ticino, is buying out Baboo, in a bid to strengthen its position. It expects to double its balance sheet from CHF40 to 80 million, with more than half a million passengers a year. The company will continue to fly Baboo’s network and will retain the name Baboo for some of its products. The deal, for an undisclosed sum, will be completed in early 2011.

• Filed under: Darwin Airlines, fly Baboo