Scotland-based regional airline Loganair has been put up for sale by its long-term owners.
Jonathan Hinkles, the carrier’s CEO, confirmed that shareholders Stephen and Peter Bond were looking for a “new custodian” for Loganair after 25 years of involvement in the business, including the past 10 years as sole owners.
“It's for the best of reasons – Stephen is now 72 years of age and wishes to step back from day-to-day business. That’s really the beginning, middle and end of the story right there,” said Hinkles in a post on LinkedIn.
“What is very clear is that Stephen and Peter Bond are committed to finding the right future owner for Loganair – very much its keeper for the next generation, just as they themselves have been.”
Hinkles stressed that Loganair was currently “performing strongly” as the UK’s largest regional airline, with its fleet renewal programme now “entering the home straight”.
“As well as continuing to run a great airline which is also a great business - and you need to be both - my responsibility to our 840-strong team and to the many communities that Loganair’s services support will be as important as ever,” he added.
The news that Loganair is up for sale came just days after the airline announced plans to increase its schedule for summer 2023, due to “growing demand” from both business and leisure travellers.
The carrier is adding more flights on existing routes from Edinburgh to Southampton, Exeter and Bergen in Norway, as well as introducing another daily service between Glasgow and Southampton. The new services start on 19 June 2023 and tickets are already on sale.