The UK’s regional carrier Loganair, based in Paisley, Scotland, is to be sold. During a difficult period for the airline industry, the company has been quick to point out that the sale has come about solely for personal reasons of the owners, Stephen and Peter Bond, and not for fiscal reasons.
Loganair is currently “performing strongly” and is continuing with its fleet renewal strategy, enabling it to continue to perform strongly as the UK’s leading regional carrier. Loganair CEO Jonathan Hinkles has confirmed that shareholders Stephen and Peter Bond are working to find a “new custodian” for the airline. Hinkles stated: “We shared the news yesterday with our whole team that, after 25 years of involvement in Loganair including the last ten years as sole owners, our shareholders Stephen and Peter Bond are working to find a new custodian for Scotland’s Airline. 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.”
Loganair has a staff of approximately 840 people and though well known throughout the UK, the carrier also has worldwide recognition as the operator of the world’s shortest commercial flight. The journey between the two Orkney islands of Westray and Papa Westray, located some 180 miles to the north of mainland Scotland, is 1.7 miles in length and takes 80 seconds to complete.