The largest provider of flights at Aberdeen International Airport is to be sold.
The hope is for a new owner of Loganair to take over by mid-2023.
The company has confirmed that advisers had been appointed to find a buyer for the Glasgow-based business.
It is the UK's largest regional airline, operating for more than 60 years, with 900-plus staff and flying to more than 40 destinations.
Just last month, Loganair introduced services from Aberdeen to Oslo.
Other Granite City destinations include Manchester, Birmingham, Norwich, Shetland, Belfast, Newquay, Teesside, Bristol and Kirkwall.
Sole owners
Brothers Stephen and Peter Bond have been sole owners of the company since 2012.
However, previous to that they partly owned it for a further 15 years.
Loganair's chief executive Jonathan Hinkles told the BBC: "The airline is trading profitably and has repaid its Covid-19 bank debt ahead of schedule.
"It will very much continue to operate as it is today, with no changes to routes, services or employment.
"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."
He added: "The Bonds - Stephen is now 72, Peter is 61 - are committed to finding the right future owner for Loganair, who will act as its custodian for the next generation, just as they and previous owners have done.
"In the meantime, they remain wholehearted supporters of Loganair until any process is successfully concluded."