Scottish airline Loganair, the UK’s largest regional carrier, has been put up for sale.
The Glasgow-based company said advisers had been appointed to coordinate the sale.
New owners by mid-2023
Loganair’s Chief Executive Jonathan Hinkles said: “After 25 years as investors in Loganair – initially as part-owners and since 2012 as sole owners – Stephen and Peter Bond have decided to appoint advisors to review options for the sale of Loganair.
“It could see them hand over the stewardship of Scotland’s Airline to new owners by mid-2023.
“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 per cent ahead of pre-Pandemic levels, and our fleet renewal programme is also well advanced, continuing apace over the coming months.”
Finding the right future owner
Hinkles 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.”
Loganair recently announced that it would award a further £30,000 to organisations across the UK and Northern Ireland in support of local renewable energy projects as part of its Greenskies Community Fund.
As part of the airlines journey to net-zero by 2040, earlier this year, the airline distributed £5,000 grants to six companies across Scotland, supporting them to establish projects such as small-scale wind systems, solar panels, small-scale hydro power, and charging point stations for electric vehicles.