FlyBaboo of Switzerland in deep trouble, withdrawing E190s..

[Stratofreighter]

http://www.travelinside.ch/travelinside ... ctID=16118

Google translation:

Wie weiter bei Baboo?

West Swiss business magazine estimates that half of the employees will be receiving the notice.

On 14 September, announced the Swiss airline Baboo, to embark on the continuing absence of a restructuring unprofitable plan, which the network, the fleet and the personnel is concerned.

The charter planning for the winter was to radically downsized and terminated the contracts with Kuoni and Hotelplan. For more information about the said restructuring have since been outstanding.

For the Swiss business magazine "Bilan" wrote in its issue of yesterday, 6 October that Baboo prepares layoffs.
Half of the approximately 180 employees will be laid off collectively.

At the request of INSIDE TRAVEL said Mark Darby, CEO of Baboo that discussions were with the employees and the shareholders still in progress. As long as these were not completed, he could provide no further information.

More about Baboo in the current TI.

[worldliner]

That's really sad news. Baboo is a great little airline, I love them! Hopefully they will manage to survive.

[Stratofreighter]

http://www.flightglobal.com/articles/20 ... rhaul.html

DATE:27/10/10
SOURCE:Air Transport Intelligence news

Baboo axing Embraer 190s in strategic overhaul
By David Kaminski-Morrow

Swiss regional carrier Baboo is effectively withdrawing the Embraer 190 regional jet from its fleet, and cutting London City and Athens from its route network.

The Geneva-based airline says it is evaluating "strategic options on the future of the company", although it has not disclosed details.

It has three leased Embraer 190s but chief executive Mark Darby tells ATI that the airline is intending "for now" to retain only one of the jets.

He adds that Baboo will only use the aircraft "on some flights, according to demand, and for back-up".

Baboo also uses a pair of Bombardier Q400s for its services.

As part of its corporate review it is axing its London City service on 8 November as well as its Athens service four days beforehand.

"We decided to focus our sales force on our best routes," says Darby, adding that London and Athens have "not achieved the expected results since their launch".

Baboo will continue to operate to 10 destinations, including Geneva, over the winter season.

"We continue to evaluate strategic alternatives and we will not make changes to our structure until the process is finalised," says Darby.