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Bond money could be used for Aurigny loan

AM I missing something? Aurigny is wanting to take out a loan of approximately £46m. and asking the States of Guernsey to act as guarantor for this loan. From the following quote it seems that Aurigny is fully owned by the SofG, ‘Cabernet Ltd is the 100% holding company for the Aurigny Group, which consists of Aurigny Air Services and Anglo Normandy Aero Engineering. The holding company is itself 100% owned by The States of Guernsey acting by and through the States Trading Supervisory Board’.

Readers' Letters|Nov 20, 2018
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