The UK’s biggest regional airline is looking for a new owner. Loganair has confirmed that it has appointed advisors to help the company find buyers for the Glasgow-based carrier.
Although we’re typically more familiar with airlines looking for new owners when they encounter serious financial or operational difficulties, it appears that there is a less dramatic reason for Loganair going up for sale.
According to the company, its current owners, Stephen and Peter Bond, are looking to step back from the running of the day-to-day business. With Stephen now 72, and Peter in his 60s, the pair are keen to seek “new custodians” for the regional operator. The brothers have been involved with Loganair for 25 years and have been the sole owners of the carrier for the last decade.
The news comes at a delicate time for the aviation industry, with competing forces at play. While passenger demand is rising, soaring fuel prices and other associated costs are creating significant headwinds.