Loganair negotiating rescue package
Loganair is negotiating a rescue package with the Department of Transport, according to reports.
Sky News says ministers have called in PricewaterhouseCoopers to assist in negotiations.
Loganair has had to cut the number of flights it operates daily in half as a result of the Coronavirus pandemic and has asked staff to take a 20% pay cut.
Loganair chief executive Jonathan Hinkles told Sky News: "Work is ongoing with all stakeholders to ensure that Loganair continues to provide the lifeline services and essential UK regional connectivity upon which so many communities and customers depend – connectivity that it is providing even today through the Covid-19 pandemic at a time when many other airlines have shut down completely.
"It is not appropriate to provide a running update on the discussions, yet we remain very confident that Loganair’s future prospects are the strongest of any UK regional airline."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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