Scottish airline Loganair is being sold with the hope of new owners taking over the business by mid-2023.
It is the UK's largest regional airline, operating for more than 60 years, with over 900 staff and flying to more than 40 destinations.However, previous to that they partly owned it for a further 15 years.Loganair's chief executive Jonathan Hinkles said: "The airline is trading profitably and has repaid its Covid-19 bank debt ahead of schedule.
"Passenger numbers are growing and 50% ahead of pre-Pandemic levels, and our fleet renewal programme is also well advanced, continuing apace over the coming months."
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