Mr Falla might be interested to know that a very well-backed offer was made for the Aurigny Group about 18 months ago, at a very good value, by a group whose purpose was to invest heavily in growing it into a true Channel Islands airline, still head-quartered in Guernsey but serving UK and European routes from both main Islands.
The offer was rejected out of hand by the Minister responsible, on the grounds that the Group was profitable and growing (both untrue at that time, if you really looked at the numbers), and that the Guernsey taxpayers were ready and willing to continue carrying the risk. They were then, as now, largely unaware of the true exposure to loss facing each taxpayer as a result of their Government's actions.
Guernsey is now stuck with a failing Group with a competitor coming up fast on the sidelines. It didn't have to be like that. To argue that events were unforeseeable is ridiculous. Of course events are unforeseeable; that's why you do not use public funds to take massive risks, as Guernsey did over Aurigny and is continuing to do.