10 AUGUST 2015

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Article from BTNews 10 AUGUST 2015

Airline Investments Ltd

A major shake-up in the regional airline business has been established with bmi Regional and Loganair becoming part of a new regional airline group Airline Investments Ltd (AIL), under newly appointed Chief Executive, Peter Simpson.

The introduction of AIL will create a regional operation with substantial scale and reach: 46 aircraft, carrying approximately 1.5m passengers each year, turnover of circa £200m and employing 960 people, flying 47 routes across 10 countries in Europe from Sumburgh in the Shetland Isles to Toulouse in the south of France.

The investors in AIL, successful entrepreneurs Stephen and Peter Bond have a long history in aviation, having previously owned Bond Aviation in the UK and original investors of Alliance Airlines in Australia.

Peter Simpson joined AIL Group from British Airways where he was Managing Director of BA at Gatwick Airport since 2013.  Simpson was Group Managing Director of bmi following the acquisition of the business from Lufthansa leading its successful integration into British Airways.  He was previously Managing Director of BA CityFlyer.  www.bmiregional.com   www.loganair.co.uk

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