Loganair Sale Temporarily Paused Due to Supply Chain Challenges

The planned sale of Loganair, a prominent airline based at Glasgow International, has hit a temporary halt. Co-owners Stephen and Peter Bond attribute the pause to supply chain issues and associated costs, according to a confirmation from the airline.

In a joint statement, the Bond brothers clarified that the decision to temporarily suspend the sale is not time-bound, emphasizing their ongoing commitment to Loganair until the right time and suitable custodian for the company is identified. They expressed their intention to remain owners for the foreseeable future, supporting the airline’s progress and development.

Initially placed on the market for sale in October 2022 as part of the brothers’ retirement plans, the suspension of the sale process is now attributed to addressing challenges in the global supply chain. This break allows Loganair to complete its re-fleet program and tackle specific issues affecting supply chain availability and costs.

A spokesperson for the company highlighted that Loganair continues to trade profitably and without debt. The fleet renewal initiative, expected to conclude by the first quarter of 2024, involves retiring the final four Saab 340Bs, delayed due to the arrival of four larger ATR72-600s.

Additionally, a multi-million-pound refurbishment program is underway for Loganair’s thirteen Embraer E145 regional jets, coupled with an upgrade of on-board systems. This comprehensive effort is slated for completion over the next 12 months.

Loganair’s diverse fleet, as detailed in the ch-aviation fleets advanced module, includes ATR42s and ATR72s of various configurations, DHC-6s, and Embraer E145s. The airline’s strategic move to address fleet renewal and operational enhancements during this pause reflects its commitment to sustaining profitability and operational excellence.