Luton based airline Monarch say it's on course to return to profit this year following a rescue package of more than £100 million and hundreds of redundancies.
The carrier has reduced its fleet by eight planes to 34 and will end long-haul and charter flights this summer as it turns itself into a short-haul airline.
It was rescued last year by family investment firm Greybull Capital, who pumped £125 million into the loss-making company. The business also axed 700 jobs.
A passenger plane had to divert its landing as it flew into Luton airport after another jet burst a tyre on the runway ahead of it.
The incoming EasyJet flight from Paphos, Cyprus, took the evasive action to avoid the private business plane.
The arriving plane was diverted to nearby Stansted Airport in Essex and four other flights were diverted as the damaged plane was towed away to a hangar.
Luton Airport said three passengers and three crew on the private plane were uninjured during the alert around 9.30pm on Wednesday.
A spokeswoman said: "The airport quickly resumed operations with aircraft arriving and departing as normal."
"easyJet can confirm that flight EZY2134 from Paphos to London Luton Airport yesterday, 14 January, performed a routine ‘go around’ procedure at Luton before diverting to Stansted, as a result of the temporary closure of the Luton runway.
This is a standard procedure and our pilots are highly trained in order to manage these kind of situations. The safety and welfare of our passengers and crew is always easyJet's highest priority."
Coach transport on to Luton from Stansted was arranged for the passengers. While these circumstances were outside of the airline’s control, easyJet apologises to passengers for the inconvenience.”
Luton airport has reported its busiest year ever.
About 10.5 million passengers passed through its gates in 2014 - an increase of 8% on the previous year.
The airport believes the boost is in part due to the introduction of 15 new routes.
Airport bosses have launched a £100 million plan to increase annual capacity to 18 million passengers by 2026.
A woman arrested on suspicion of Syria-related terror offences has been bailed pending further police inquiries.
The 25-year-old suspect, from Haringey in London, was released on police bail last night after being questioned by officers from the West Midlands counter-terrorism unit.
A police spokesman said the woman, who was arrested at Luton Airport yesterday morning, had been granted conditional bail until a date in March.
A women, from Haringey in London, has been arrested at Luton Airport in connection with Syria-related terror crimes.
The 25-year-old was arrested at around 11.30am as she disembarked a flight from Istanbul in Turkey.
The arrest was part of an on-going intelligence-led policing operation.
She is being held at a police station in the West Midlands on suspicion of preparing for acts of terrorism.
Flights from the region's airports are returning to normal today following a computer failure at the headquarters of UK air traffic control company Nats yesterday. Luton Airport is reporting 'risidual delays' and Stansted is running flights to schedule.
Getting back to normal operations with only a few residual delays.
Click here for live flight information at luton Airport.
Thank you to all our customers for their patience and understanding during yesterday's disruption
Pleased to advise that all flights at Stansted are running to schedule today.
Click here for live flight information from Stansted Airport.
Ryanair, which has its main UK base at Stansted Airport in Essex, has announced half yearly profits are up by a third.
Meanwhile Luton-based Easyjet, says strong passenger demand at the Bedfordshire airport has enabled it to launch six new routes with more on the way.
Thousands of people are employed in the airline industry across the Anglia region and travel experts say increasingly it's driving prosperity here.
Click below to watch a report by ITV News Anglia's Russell Hookey
People who use Luton Airport can travel to new destinations from Monday. easyJet is introducing new routes to Munich, Lyon and Copenhagen.
November 2014 also sees the start of year-long celebrations to mark the company's 20th anniversary. The airline accounts for 44% of the airport's customers.
A passenger's hand luggage, which had been left unattended, sparked the major security alert which closed Luton airport for several hours.Read the full story ›
Flights at Luton airport have now resumed after yesterday's security alert. The area was effectively shut down in the afternoon while bomb disposal experts carried out a controlled explosion on an object found in the security area. Many inbound flights were redirected to Stansted and Birmingham.
Late last night, a spokesman for Luton Airport said:
"Flights in and out of London Luton Airport have now resumed following the earlier evacuation due to a security alert.
"We are working hard throughout the night and into tomorrow morning when we expect operations to return to normal."