HIGHLAND Airways has called in the administrators after discussions with potential investors failed to come to fruition, the company said yesterday.
PricewaterhouseCoopers were called in on Wednesday night by board members at the carrier, which operates a fleet of nine aircraft servicing the remote western isles of Scotland. All of the company’s flights have been cancelled.
Joint administrator Bruce Cartwright said: “The company had encountered trading difficulties including the loss of certain contracts. As a result they were in discussion with a number of parties with a view to developing a new and viable operating model. The directors have now concluded that the option of maintaining operations while introducing a new investor is no longer feasible.”