monarch

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]

After Norwegian, it now seems that EasyJet and Wizz air have joined in the bidding for Monarch Airlines. The offers were lodged just days after it emerged that the British travel group was plotting a radical overhaul of its strategy, underlining the urgency with which it is trying to find [read more]

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]

Monarch Airlines (ZB/MON) has had its ATOL certificate renewed for 1 year following a last minute rescue package from Owners Greybull. The low-cost airline and holiday company had until midnight tonight to secure the funds needed to sure up its finances before the Civil Aviation Authority (CAA) pulled the plug [read more]

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]

Monarch Airlines (MON/ZB) is in talks with the Civil Aviation Authority about a crisis extension to the deadline for renewing its ATOL certificate which expires at midnight tonight (Friday 30th September). The CAA raised concerns about Monarchs financial stability earlier this week prompting fears that Monarch could collapse. The CAA [read more]

Whilst Monarch’s (MON/ZB) twitter agents continue to fend off rumours of Monarch’s demise news has emerged that veteran chairman Sir Roy McNulty “quickly and quietly” his post. Monarch informed Companies House of McNulty’s exit on the 9th August 2016, just over a month before the airline hit troubled water over [read more]

Monarch Airlines (MON/ZB) has denied rumours that it is about to cease operations using their social media accounts despite the fact that the UK’s Civil Aviation Authority (CAA) have been chartering aircraft from Omni Air, Air Transat and United Airlines to cover routes served by Monarch as their operating licence [read more]