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|---|---|
| Scottish airline Loganair goes on the market | Scottish airline Loganair goes on the market |
| (5 months later) | |
| Loganair has been operating for more than 60 years | Loganair has been operating for more than 60 years |
| Scottish airline Loganair is being sold with the hope of new owners taking over the business by mid-2023. | Scottish airline Loganair is being sold with the hope of new owners taking over the business by mid-2023. |
| The company confirmed that advisers had been appointed to find a buyer for the Glasgow-based business. | The company confirmed that advisers had been appointed to find a buyer for the Glasgow-based business. |
| It is the UK's largest regional airline, operating for more than 60 years, with over 900 staff and flying to more than 40 destinations. | It is the UK's largest regional airline, operating for more than 60 years, with over 900 staff and flying to more than 40 destinations. |
| Owners Stephen and Peter Bond, who are brothers, have been sole owners of the company since 2012. | Owners Stephen and Peter Bond, who are brothers, have been sole owners of the company since 2012. |
| However, previous to that they partly owned it for a further 15 years. | However, previous to that they partly owned it for a further 15 years. |
| Read more stories on Scottish business | Read more stories on Scottish business |
| The latest headlines from Scotland | The latest headlines from Scotland |
| Loganair's chief executive Jonathan Hinkles said: "The airline is trading profitably and has repaid its Covid-19 bank debt ahead of schedule. | Loganair's chief executive Jonathan Hinkles said: "The airline is trading profitably and has repaid its Covid-19 bank debt ahead of schedule. |
| "It will very much continue to operate as it is today, with no changes to routes, services or employment. | "It will very much continue to operate as it is today, with no changes to routes, services or employment. |
| "Passenger numbers are growing and 50% ahead of pre-Pandemic levels, and our fleet renewal programme is also well advanced, continuing apace over the coming months." | "Passenger numbers are growing and 50% ahead of pre-Pandemic levels, and our fleet renewal programme is also well advanced, continuing apace over the coming months." |
| He added: "The Bonds - Stephen is now 72, Peter is 61 - are committed to finding the right future owner for Loganair, who will act as its custodian for the next generation, just as they and previous owners have done. | He added: "The Bonds - Stephen is now 72, Peter is 61 - are committed to finding the right future owner for Loganair, who will act as its custodian for the next generation, just as they and previous owners have done. |
| "In the meantime, they remain wholehearted supporters of Loganair until any process is successfully concluded." | "In the meantime, they remain wholehearted supporters of Loganair until any process is successfully concluded." |
| Related Topics | |
| Glasgow | |
| Loganair | |
| Scotland business |
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