Monarach [update: Ceases Trading]

[Darwen Bird]

Originally Posted by Moorlandman

Looks likely they will go in to some form of administration now. They have tripled fares to discourage sales

Rumours that BA may buy them

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I thought the rumour was that BA would buy Monarch's assets (planes, airport slots etc) rather than Monarch itself as a going concern.

[ChrisS]

Originally Posted by Mr Tom Morrow

Very sad. I take no pleasure at all when these type of things happen. Fingers crossed for a last minute reprieve.

Very good Company that sadly may go under and leave cretins like O'Leary in an even better position.

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I agree MrT, whilst we watch airlines go down the pan we also see fare increases. There's only so much cutting to the bone an airline can do to attract passengers until it becomes untenable.

[bighal]

Originally Posted by Darwen Bird

I thought the rumour was that BA would buy Monarch's assets (planes, airport slots etc) rather than Monarch itself as a going concern.

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BA won't buy any airline. It's parent company IAG might though... have no idea what slots would be useful to BA in the UK apart from ones at Gatwick...

[bighal]

Its the short haul (package holiday) network of Monarch which is causing the problems as they cannot compete with Ryanair and Easyjet etc.
The scheduled long haul network is profitable and more likely to survive if they cannot sell the short haul operation.

[fizzypop]

MSE is now saying the extension is until 11.59pm today, wonder what the news will be in the morning.

[captain-codeye]

Mon298 lgw to Ibiza cancelled tonight, just the start and the end I think.

Supposed to leave at 22:50, feel sorry for them all.

[fizzypop]

Oh no. I have been reading on a flight forum that 6 planes from Qatar are on their way to Birmingham and London to step in to bring passengers home. There is still time though, thinking of all of the employees right now.

[captain-codeye]

And Birmingham now

[captain-codeye]

Originally Posted by fizzypop

Oh no. I have been reading on a flight forum that 6 planes from Qatar are on their way to Birmingham and London to step in to bring passengers home. There is still time though, thinking of all of the employees right now.

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All 10 are now on the way

4 to bhx
4 to lgw
2 to stn

Also just positioning 3 air trans a320 in Bordeaux for Europe repatriation flights.

[Pussycat Doll]

Just seen this on their FB page announced -5 mins ago.