The Royal Court in Guernsey has adjourned until August 18, 2018, proceedings related to the recovery of almost GBP40,000 pounds (USD51,000) in debt from Waves (Guernsey), the Guernsey Press has reported.

The airline applied for a one-month adjournment, but the local officials were only prepared to give it one more week.

"I regard this as a late attempt to avoid the inevitable," Deputy Bailiff Richard McMahon said.

The administration of the Channel Island is trying to recover over GBP22,000 pounds (USD28,000) in overdue tax payments and nearly GBP17,000 pounds (USD22,000) in outstanding social security contributions from the dormant local airline.

Waves has already won the adjournment of the case twice before. CEO Nick Magliocchetti has said previously that the airline is unable to pay its dues as it simply lacks enough cash. The debts relate to unpaid income taxes from the fourth quarter of 2017 and the first quarter of 2018.

The carrier faced numerous bureaucratic obstacles in launching its proposed air taxi service between the Channel Islands since its certification in 2017. Among the more recent hurdles was the grounding of its only aircraft, Cessna (single turboprop) 208EX Grand Caravan 2-CREW (msn 208B2148), owing to maintenance requirements. Another challenge was the Government of Alderney's decision not to award Waves an Air Transport Licence (ATL) to operate non-scheduled, ad-hoc air taxi services between Alderney and Guernsey and between Alderney and Jersey.

Magliocchetti still claims that the airline is looking for investors and plans to restart operations in September.

After the adoption of the new air routes policy by the States of Guernsey, airlines no longer need to hold a Guernsey air transport license for all routes except those to/from Guernsey to each of London Gatwick and Alderney which are protected until at least 2023.