Guernsey to repay Aurigny Airline’s debts

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By TESTCustomwebLP TESTCustomwebLP November 26, 2015 20:27

Guernsey to repay Aurigny Airline’s debts

The Aurigny airline’s £19.9million accumulated debt is to be repaid in full by the Guernsey government, with a further £5.3m set aside to cover expected losses up to 2017. The airline was bought by the government for £5m in 2003.
Aurigny is expected to return to profit in 2018 and may be rebranded to a name that “clearly positions it as a Guernsey airline”, the government stated.

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By TESTCustomwebLP TESTCustomwebLP November 26, 2015 20:27