Aurigny managing director dismisses Aer Arann offer

The managing director of Aurigny, the Guernsey-based airline that Aer Arann had attempted to buy, has said that the proposed takeover did not offer “sufficient value or security'‘ for the island.

19th March, 2005

Takeover talks with the independent Irish airline began about six weeks ago, after the States of Guernsey began a review of the Aurigny's public ownership. But the deal collapsed after Guernsey'sTreasu r y a n d Re s o u r c e s Department said it would not recommend a strategic alliance partner for Aurigny or its engineering arm, Anglo Normandy.

Aurigny's managing director, Malcolm Hart, said in a statement: “I am convinced that...

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