Executives have revealed that Scottish airline Loganair is up for sale with the hope of new owners taking over the business by 2023.
Operating for more than 60 years as the UK’s largest regional airline, the company confirmed that advisers had been appointed to find a buyer for the business.
The Glasgow based business employs over 900 staff and fly’s to more than 40 destinations.
Owners Stephen and Peter Bond, who are brothers, have been sole owners of the company since 2012.
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.
“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.
“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.”