Darwin Airline is insolvent, will reorganize, but it is grounded

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Darwin Airline (Lugano) has announced it will cease all scheduled operations. Instead the company will revert to being a charter airline. The ATR 72-500s (pictured) will be returned to the lessors.

In related news, the company has entered into reorganization proceedings after it was declared to be insolvent (bankrupt).

The airline had recently rebranded as Adria Switzerland in association with Adria Airways on September 16, 2017 but has encountered unfavorable market conditions.

Update: On November 28, 2017 the airline was grounded by Swiss authorities after its AOC was revoked due to financial concerns.

Copyright Photo: Etihad Regional-Darwin Airline ATR 72-212A (ATR 72-500) HB-ACB (msn 662) ZRH (Rolf Wallner). Image: 922532.