Loganair pushes through £100m sales

● But chairman warns of likely losses in current financial period

were permanently converted to freighter configuration to handle the move from two to five daily contracted operations, expanding the fleet on the contract from two to four freighters.

Meanwhile, long-term charter contracts were secured with major oil and gas operators, including Fairfield, Shell and Total, operating from Loganair’s hub at Sumburgh – now its second busiest airport after Glasgow.

Towards the end of 2016, Loganair announced that from the start of September last year, it would no longer be a franchise partner of Flybe, and would “fly solo” for the first time in 25 years.

The firm added that it was in the early stages of a long-term plan to replace its fleet, aiming to reduce the wide range of aircraft it currently uses.

Managing director Jonathan Hinkles said: “We have made a successful transition from franchise partner to operating under our own brand, and we are delighted with the excellent customer reception of our new product and branding within our core markets.

“We have also re-launched a codeshare agreement with British Airways… and entered into an agreement with Easyjet, which allows our flights to be marketed on that company’s website.”