Aurigny Luton from March 2017. In November 2015, the States of Guernsey agreed to recapitalise Aurigny's holding company, Cabernet Ltd, by paying off £25m of existing and expected debt. The airline signed a Memorandum of Understanding with the States of Guernsey and the States of Alderney, putting in place a system of communication between the three parties as well as a basic service level agreement, in February 2016. 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
Aurigny its transition from a local carrier to a regional airline. Ownership of the airline passed from Aurigny Aviation Holdings to Close Brothers Private Equity on 23 May 2000, but was wholly acquired by States of Guernsey on 15 May 2003, after British Airways announced that it was to cease flying on the London Gatwick–Guernsey route (just two months before the Island Games). It employs 300 staff in the Channel Islands, France and the United Kingdom. Aurigny also operates charter services, and is a handling agent for various other airlines which fly into Guernsey, including Blue Islands. In June 2006, a