Geneva, Switzerland (GenevaLunch) – Baboo, which serves 16 destinations from Geneva has put 60 percent of its staff on partial unemployment, reports Le Temps, despite continuing strong growth. Growth in fact is the source of the problem, the newspaper quotes company director Jacques Bankir as saying. Baboo’s sales increased 87 percent in 2008 to CHR56 million. The number of passengers rose 75 percent.
Bankir says the company needs until the winter of 2009 to consolidate, after going from two to five aircraft in 2008, then seeing some fall in demand. At the end of December 2008 Baboo employed 200 people.
Posted by Ellen Wallace on 11 June 2009 at 21:44 | permalink
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News story, GenevaLunch, 11 June 2009.
Filed under: Travel
Tags: aircraft, airline, Baboo, Geneva, growth, partial unemployment
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