Darwin Airline to take over Baboo Q400s

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Darwin Airline is to take over a pair of Bombardier Q400s from Baboo as part of the overall package of services and assets of Geneva-based carrier.

The aircraft, which were built in 2000 and 2007, are owned by Baboo's parent company M1 Travel.

Baboo also operated Embraer 190s leased from special purpose companies but these are not part of the discussions. CAO understands that Baboo's three 2008-vintage aircraft (MSN 163, 178 and 189) are being remarketed by Jetscape.

In 2007 M1 Travel placed an order for three Embraer 190s as well as five options. It financed the three firm aircraft via special purpose vehicles through sale and leaseback agreements. It exercised three of the five options in March 2008 but leased them to Republic Airlines last year for a period of five years.