Guernsey airline Waves has announced that its parent company, Waves Technologies Ltd is going into voluntary liquidation.
WO1 Ltd, which includes the Waves aviation company, remains trading and hopes to confirm a trade sale over the next few weeks.
Waves has not taken any bookings since earlier this year.
Founder Nick Magliochetti, said:
“It is with a heavy heart that we put Waves Technologies into voluntary liquidation. We hope that if nothing else, the travelling public have seen that there is an alternative.
Competition is healthy and that choice and customer service is something that should not be taken for granted but should be an everyday standard for the local travelling community.”