Swiss regional Darwin Airline declared bankrupt
Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed. The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July 2017. The new owners also own Adria Airways. Darwin was to be rebranded as Adria Airways Switzerland for marketing purposes, although the Darwin name would remain legally alive. Nov. 27, Darwin filed for voluntary insolvency, the Swiss equivalent of Chapter 11, after a series of external developments, including the cessation of contracts with Alitalia and the collapse of Airberlin, badly affected its financial situation. Within 24 hours, Swiss aviation regulator FOCA suspended the airline’s operating license. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-12-18/unaligned/swiss-regional-darwin-airline-declared-bankrupt
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Swiss regional Darwin Airline declared bankrupt
Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed. The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July 2017. The new owners also own Adria Airways. Darwin was to be rebranded as Adria Airways Switzerland for marketing purposes, although the Darwin name would remain legally alive. Nov. 27, Darwin filed for voluntary insolvency, the Swiss equivalent of Chapter 11, after a series of external developments, including the cessation of contracts with Alitalia and the collapse of Airberlin, badly affected its financial situation. Within 24 hours, Swiss aviation regulator FOCA suspended the airline’s operating license. <br/>
