18 JANUARY 2016
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Founded in 1962 and self-styled as ‘Scotland’s airline’ Loganair has announced a rise in profits from £5.8m to £7.2m for its last financial year. The annual results revealed that turnover increased from £87.3m to £93.6m, thanks in part to a 13% rise in passenger numbers on scheduled services to 656,036.
David Harrison, chairman of Loganair, said: “2015 was a challenging year but we have a very robust and comprehensive plan to further improve our fleet and enhance the comfort of our passengers." A £15m investment programme will include the purchase of new aircraft, upgrades and a new spares hub at Glasgow Airport.
During the year three new routes were added, Edinburgh – Norwich, Dundee – Stansted, and Glasgow – Manchester, plus the takeover of Flybe’s Inverness – Dublin and Manchester services.
Loganair is part of Airline Investments Ltd (AIL) which also takes in bmi regional. All Loganair aircraft are branded Flybe under a franchise deal.
In May 2015 two Viking Air DHC-6-400 Twin Otter aircraft were acquired by Highlands and Islands Airports to be operated by Loganair on the Scottish Government's Public Service Obligation routes between Glasgow and Cambeltown, Tiree and Barra. See also AND FINALLY www.loganair.co.uk
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