The Trading Supervisory Board (STSB) is set to implement a strategy to mitigate its increasing losses, and moreover look to balance the financial books to, at the very least, a break-even state.
The STSB, a States faction responsible for overseeing the operations of States agencies and local 'nationalised' companies, has stepped in following a rise in losses from £4.2M to £7.6M.
The rise in losses has been widely criticised from a number of deputies including Deputy Peter Ferbrache and P&R President, Deputy Gavin St Pier.
Aurigny insists the increase is a result of States financial assistance to private airline firm Flybe.
JT Group acquires Isle of Man's leading telecoms provider
First brick laid at Guernsey's upcoming Wildlife Hospital
Farming in Herm dates back six millenia
Guernsey's water storage increases by 1% in 24 hours
Guernsey primary school gets daily vegetable tasters
Storm Benjamin dramatically ends Guernsey's dry spell
Tireless Guernsey fundraiser "re-energised" by awards evening
Deputy Neil Inder is Guernsey's new Planning Authority president
