Scottish regional operator Highland Airways has ceased operations and the company has been place in administration.
Highland Airways had been searching for new investors over the past couple of months following difficult trading conditions, due to the loss of several contracts and unusually bad winter weather.
It operated routes in the Scottish highlands and islands, as well as in Wales, with a fleet of British Aerospace Jetstreams and a Britten-Norman BN-2 Islander.
A statement from administrator PricewaterhouseCoopers says that the airline had been in contact with potential investors with a view to developing a viable operating model.
"The directors have now concluded that the option of maintaining operations while introducing a new investor is no longer feasible," it says.
"We will be working with contracted customers to ensure an orderly handover of services to new operators wherever feasible."
Source: Air Transport Intelligence news
