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Last Updated: Tuesday, 28 February 2006, 16:52 GMT
10m airport proposal withdrawn
Alderney Airport
The airport loses 500,000 a year
A Guernsey businessman has abandoned plans to redevelop Alderney Airport.

Terry Holding outlined proposals for a 10m investment, including five to eight houses at the airport, which costs taxpayers 500,000 a year to run.

Under the scheme, his firm, HBC Limited, would have got a long lease on the site in exchange for a new terminal and revamped facilities.

But the scheme got a chilly reception from islanders who called it too grand and elaborate.

I have always said I would never go into a war-zone
Terry Holding

Terry Holding said after a public meeting: "I was disappointed with some of the comments. I was hoping it would be a lot more positive.

"But I have always said I would never go into a war-zone."

Some Alderney residents questioned Guernsey States' motives in the airport deal.

The private investment scheme has the backing in principle of Guernsey's Public Services Department.

A statement from HBC Limited said: "HBC continues to believe that its proposals for the airport represent a genuine opportunity for the island, are eminently deliverable and would secure the future of the airport and the lifeline it represents."

"However, we are not prepared to impose ourselves upon the islanders where there is clear evidence that they do not share our vision and reject many of the assumptions which underwrite our proposals."

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