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 with another due from manufacturer RUAG in 2017. After Flybe announced its withdrawal from the London Gatwick – Guernsey route by March 2014, Aurigny ordered an Embraer 195 to serve its Gatwick route in order to provide sufficient capacity as the sole operator. The aircraft was delivered on 24 June 2014, and a similar aircraft was wet leased from Flybe between March and June to provide capacity in the interim. Given substantial government investment in fleet acquisition, and its monopoly position on the Gatwick route, an agreement between the airline and the States of Guernsey struck in April 2014 saw