Paul Carter is quoted as follows in the press release from KCC "The direct flights project was just one part of our initiatives to regenerate east Kent. It was a calculated risk that had significant potential and could have delivered major benefits for the region. Enormous efforts have been made on both sides of the Atlantic to promote the flights.
"But, despite putting back the deadline for decision three times, in order to see if the market would respond and pick up, sales have failed to reach a critical mass. In the absence of any other organisation prepared to share the financial risk of continuing with the project, it would not be prudent or viable to invest public money in the venture.
"We will now redouble our efforts to stimulate inward investment and economic regeneration for Kent."
Its not entirely clear what, if any public money has been invested so far in this project although I understand half the start up cost of £800,0000 was to be shared by KCC, Seeda, Infratil, Kent attractions, East Kent Partnerships, Thanet District Council, Canterbury City Council and Gravesham Borough Council.