The much talked about return of Monarch Airlines has been derailed just weeks after new directors took over Monarch Airlines Ltd. In a statement, the new owners said that they would be unable to restart the airline and have “exhausted the start-up funding”. Despite interviews and press releases about secure [read more]
Something interesting happened yesterday whilst the rest of us were talking about MD90s and Jumbo Jets being scrapped three people made a move that has raised a few eyebrows in this office, and seemingly gone largely unnoticed except by an eagle-eyed few on social media. What was it? A relatively [read more]
Canadian airline Air Transat has signed a deal with Monarch Aircraft Engineering Limited (MAEL) for maintenance on its Airbus fleet. The contract will see Monarch Aircraft Engineering carrying out full line maintenance on Air Transats A310 and A330 aircraft at Glasgow Airport. Monarch Aircraft Engineering, which has its main engineering base at Birmingham [read more]
2017 at Birmingham Airport was its busiest ever with nearly 13 million passengers passing through the airport. In total, 12,983,436 passengers travelled through the Midlands airport over the year, an increase of 1.3 million passengers over 2016 which equates to an 11.5% rise. The busiest month was August which saw [read more]
Administrator KPMG has regained control of Monarch slots after an appeal. The UK High Court had previous ruled that KPMG could not retain the slots on the basis that Monarch wasn’t flying, and is unlikely to do so in the future however the court of appeal overturned the ruling and allowed KPMG [read more]
Administrators of collapsed UK airline Monarch have lost the right to retain the slots owned by the airline. KPMG had been hopeful that they would be able to sell the slots raising up to £60m towards Monarchs debts but judges at the high court dismissed their claims on the basis [read more]
The collapse of travel group Monarch sent a shockwave through the industry, the cause, according to Monarch was terrorism hitting its key markets and low-cost competition. But as the dust settles, fingers are starting to point at group CEO, Andrew Swaffield and other members of the board not only for [read more]
The two unions representing Pilots, Cabin Crew and Engineers are preparing legal action over the way the Monarch collapse was handled. Representing Pilots, the British Airline Pilots Association (BALPA) said it was seeking compensation for its members over what it described as the “shabby” handling of the redundancy news. Unite, [read more]
When the Monarch Travel Group collapsed in the early hours of this morning and while the Civil Aviation Authority (CAA) put its rescue plan into effect another plan was being put into motion, to separate the profitable engineering arm based at Birmingham Airport. Monarch Aircraft Engineering Limited (MAEL), which has been [read more]
Monarch, the UK’s oldest privately owned travel group, has ceased trading as it has been unable to get the investment required to meet ATOL requirements and continue trading. The announcement came at the final flight touched down in the UK just after 3 am this morning and comes following days [read more]
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