A Monarch A320 (Image: Adrian Pingstone)

Monarch holding urgent talks to renew ATOL

Troubled UK airline Monarch (ZB/MON) is once again holding last-minute talks to stave off collapse and the loss of their ATOL bonding. One year on from the near collapse of the airline, it is once again seeking urgent financial assistance in order to retain the ATOL certificate that was extended [read more]

A Monarch A320 (Image: Adrian Pingstone)
Civil Aviation

Norwegian looks to acquire Monarch

Norwegian  has  been named as one of the companies interested in the purchase of UK leisure specialist Monarch Airlines. The UK’s Press Association (PA) stated on Friday, September 22, that the Scandinavian budget carrier had approached Monarch over a deal to buy all – or part – of the business as it [read more]

A Monarch A320 (Image: Adrian Pingstone)

Monarch reaches deal to extend ATOL licence

Monarch (MON/ZB) has reached an 11th hour deal with the Civil Aviation Authority (CAA) to extend its ATOL licence for 12 days this evening thanks to “significant investment” from its shareholders. In a statement Monarch CEO Andrew Swaffield thanked the CAA for granting the extension adding “I am delighted that [read more]