Managing director Jonathan Hinkles said: “The Skye economy is a world apart from when the previous service ended 30 years ago.
He told a Glasgow Talks event organised by Glasgow Chamber of Commerce: “There is enough of a population base and it is far enough away.
“It’s sensible and feasible to look at.”
Mr Hinkles said Skye was well above the four-hour minimum road or rail journey time required to make an air route sustainable.
He said aircraft similar to the 18-seat Twin Otter, which lands on the beach at Barra, would be suitable.
Any larger plane to Broadford “would require massive investment that’s not going to happen.”
Mr Hinkles said: “We’re doing a piece of work on this. There is a 70/30 probability of it happening in the next two years. It is more likely to happen than not.”
Loganair, which previously operated flights there from Glasgow, is part of a group with Highland Council examining the feasibility of restoring the air link.
Any service is likely to go out to tender as it would require Scottish Government support.