The chairman of Glasgow-based airline Loganair has announced his retirement from the firm and is selling his majority stake.
Scott Grier, who led the 1997 management buyout that secured the future of Loganair, is believed to be pocketing millions of pounds from the sale of his 50% plus one share. Mr Grier declined to reveal the exact price being paid by brothers Stephen and Peter Bond, who built up helicopters business Bond. Stephen Bond will take over as chairman of the airline.
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