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 Guernsey acting by and through the States Trading Supervisory Board". The airline has been loss-making for a number of years; however its services have been viewed as essential to Guernsey's economy, etc. - a May 2017 strategic review said "that Aurigny’s objectives should focus on supporting economic enablement and providing a backbone of air services to support the Bailiwick [of Guernsey]’s economy and its growth, providing access to affordable air travel to the UK." Trading figures have been released for Cabernet Ltd (that is, the Aurigny Group), with promises of increasing transparency. The key trends over recent years, from annual