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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say