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 it commit to offer 65% of fares for £65.00 or less. Additionally, in January 2014 Aurigny applied to the States of Guernsey to operate a Guernsey – London City service, with an aim of starting the route from May. Due to delays in aircraft procurement, the route commenced on 8 September 2014, initially operated by VLM Airlines. After ten years of competition with Blue Islands on the Jersey – Guernsey inter-island route, in March 2014 Aurigny signed a codeshare agreement with that airline pertaining to Jersey – Guernsey inter-island services. The deal, which marked the secession of Aurigny flights from