1. To agree that a decision to extend the runway at Guernsey Airport should be driven by the States’ Trading Supervisory Board on the basis of commercial, regulatory or other considerations, and to direct the States’ Trading Supervisory Board to take account of the cost-benefit analysis and supporting reports presented in this policy letter in advance of the next planned resurfacing of the runway at Guernsey Airport or as part of the Guernsey Airport Master Plan.