Debt-hit Guernsey Aurigny airline to post GBP4.6m losses
Guernsey's Aurigny airline is set to make losses of GBP4.6m this year despite having 15 years of debts written off, politicians have warned. The government-owned company was expected to make a GBP1.5m loss in 2016 and 2017. Rising maintenance costs of GBP1.4m were partially to blame for a GBP3.1m overspend, according to the States' latest set of accounts. The airline declined to comment. Guernsey Deputy Gavin St Pier described the figures as "clearly disappointing". "They have deteriorated so significantly and so quickly from those which were presented to the States really quite recently," he said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-10-05/unaligned/debt-hit-guernsey-aurigny-airline-to-post-gbp4-6m-losses
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Debt-hit Guernsey Aurigny airline to post GBP4.6m losses
Guernsey's Aurigny airline is set to make losses of GBP4.6m this year despite having 15 years of debts written off, politicians have warned. The government-owned company was expected to make a GBP1.5m loss in 2016 and 2017. Rising maintenance costs of GBP1.4m were partially to blame for a GBP3.1m overspend, according to the States' latest set of accounts. The airline declined to comment. Guernsey Deputy Gavin St Pier described the figures as "clearly disappointing". "They have deteriorated so significantly and so quickly from those which were presented to the States really quite recently," he said.<br/>
