Loganair up for sale

Scottish regional airline Loganair has been put up for sale by owners Stephen and Peter Bond.

The Bonds have been sole owners of the company for a decade.

They have instructed advisors to find a buyer for the business.

Loganair, which has operated for more than 60 years, stresses it has no financial problems.

“The airline is trading profitably and has repaid its Covid-19 bank debt ahead of schedule,” said Loganair CEO Jonathan Hinkles.

“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,” Hinkles added

He says the Bonds ‘are committed to finding the right future owner for Loganair’.

“In the meantime, they remain wholehearted supporters of Loganair until any process is successfully concluded.”

They hope to have new owners taking over the business by 2023.

Loganair employs over 900 staff and flies to more than 40 destinations.

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