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5/15/2003: Government of Guernsey Acquires Aurigny

DALLAS – Today in Aviation, Aurigny Air Services (GR) was acquired for £5m by the States of Guernsey in 2003.

The deal came after British Airways (BA) announced it was to end its service to London Gatwick (LGW). The States of Guernsey said that the London route needed to be safeguarded as it was critical to the island’s prosperity.

The States of Guernsey, sometimes referred to as the Government of Guernsey, is the parliament and government of the British Crown’s dependency of Guernsey. By bringing the airline into public ownership, GR could now receive financial subsidies. This meant it could take over read more ⇒

Source:: “Airways Magazine”

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