Taxpayers 'not expected' to fund Aurigny losses

Guernsey taxpayers have been reassured it is unlikely they will have to foot the bill for the losses Aurigny incurred in 2024.

The level of loss last year has not been released publicly but some politicians suggested in the States Assembly that it could run to between £6m and £10m.

The company, States-owned since 2003, was recapitalised by the island's government in 2015 and 2021. It made profit in 2022 and 2023.

Deputy Peter Roffey, President of the States Trading Supervisory Board, said: "We do not expect to be approaching the assembly for any further capital injection as a result of any losses that were made last year."

He said: "We expect Aurigny to be able to trade their way out of that and so the last injection of money from the tax payer remains at 2021."

Facing questions in the States meeting, Roffey said the issues faced by Aurigny were not due to the company selling its Embraer jet in 2024 and things may have been worse if that had not been done.

On the total of the losses, he said: "I have not seen any actuarial figure yet... but I know it will run into several million pounds."

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