Blue Aurigny guarantees 'lifeline' flights
21.07.10
Blue Islands has guaranteed to maintain ‘lifeline’ links with the UK if it buys its rival Aurigny, the BBC reports. Maintaining the Guernsey to Gatwick flights was the reason the States bought Aurigny in 2003. Both sides are currently carrying out due diligence on the proposed deal.
Derek Coates, chief executive officer of Healthspan, the parent company of Blue Islands, told the BBC the route - along with flights from Alderney to Southampton - ‘utterly secure’. He said: ‘The agreement we have got in principle secures the Gatwick slots by terms of a golden share.’
A golden share, often held by Governments when companies they own are privatised, gives its shareholder veto power in the event of certain specified circumstances. Mr Coates added: ‘It provides the States with an option, if at any point we should fail to deliver our promises, that they can in fact take the airline back at the same price we paid.’
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book gatwick airport hotel or gatwick airport car park at the lowest price, click on these links to two great gatwick parking and gatwick hotels price comparison pages.
