Loganair (LM, Glasgow Int'l) chairman David Harrison has confirmed the Scottish carrier is in the process of reducing its fleet complexity as it seeks to lean down operational overheads.

Announcing a pre-tax profit of GBP3.06 million (USD4.14 million) for the year ended March 31, 2017, Harrison said the plan was still in its early stages.

According to the ch-aviation fleets module, Loganair operates twenty-seven aircraft spread across seven different types including one DHC-6-300, two DH6-6-400s, two Do328-100s, five Saab 2000s, two Saab 340A(QC)s, thirteen Saab 340Bs, two Saab 340(F)s, and two BN-2s.

Harrison added that material one-off costs of establishing own-brand operations had resulted in a requirement for new funding.

"As a result of the re-branding [from flybe.], start-up costs of new contracts and the advent of competition on a number of routes from September 2017, Loganair expects to be loss-making in the 2017/18 financial year,” he said.

To insulate the carrier, Loganair has renewed existing facilities with Clydesdale Bank while shareholders have advanced a GBP3 million loan.