Monarch - 3
As Monarch aren't a quoted business on the stock exchange there's no reason why they should say anything, very possibly the deal has already been done and they've got a press release all lined up for tomorrow.
Mind you if I were them I'd be shouting about any deal from the rooftops to encourage any wavering customers to book their seats tut-suite.
Mind you if I were them I'd be shouting about any deal from the rooftops to encourage any wavering customers to book their seats tut-suite.
Join Date: Oct 2008
Location: UK
Age: 43
Posts: 139
Likes: 0
Received 0 Likes
on
0 Posts
Oh boy you lot really love a good melodrama!
'Down to the wire', 'at the death'!! Yawn!!!!
Tomorrow has been prearranged as 'the date'.
To those not in the know and without experience of such matters, it all appears very lastminute.com.
Tomorrow will reveal all!
'Down to the wire', 'at the death'!! Yawn!!!!
Tomorrow has been prearranged as 'the date'.
To those not in the know and without experience of such matters, it all appears very lastminute.com.
Tomorrow will reveal all!
Join Date: Oct 2008
Location: UK
Age: 43
Posts: 139
Likes: 0
Received 0 Likes
on
0 Posts
Like I said, it appears very last minute but in actuality this date has been prearranged between all the parties. The CAA I would bet are fully in the loop.
It's not last minute to those in the know!
It's not last minute to those in the know!
Join Date: Jun 2006
Location: On Standby...
Posts: 46
Likes: 0
Received 0 Likes
on
0 Posts
BBC Reporting a £165m investment from Greybull. Good news for all at MON; tough times recently.
And, in their own words: http://blog.monarch.co.uk/165-millio...nt-in-monarch/
And, in their own words: http://blog.monarch.co.uk/165-millio...nt-in-monarch/
Last edited by Junta Leader; 12th Oct 2016 at 06:31. Reason: Adding link
Join Date: May 2001
Location: Earth
Posts: 495
Likes: 0
Received 0 Likes
on
0 Posts
Join Date: May 1999
Location: Bristol, England
Age: 65
Posts: 1,804
Received 0 Likes
on
0 Posts
Greybull announce £165m of fresh financing Monarch airline wins £165m investment from Greybull - BBC News
Join Date: Aug 2013
Location: London
Posts: 837
Likes: 0
Received 0 Likes
on
0 Posts
BBC Reporting a £165m investment from Greybull. Good news for all at MON; tough times recently.
And, in their own words: £165 million investment in Monarch - Monarch Blog
And, in their own words: £165 million investment in Monarch - Monarch Blog
MON is a fantastic brand and I hope this investment allows it to move forward and figure out where and how it can thrive
Join Date: Apr 2010
Location: London
Posts: 7,072
Likes: 0
Received 0 Likes
on
0 Posts
Looks good!
Beeb:-
UK airline Monarch has settled worries over its future by agreeing a £165m investment from Greybull Capital.
The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.
Greybull Capital is Monarch's majority shareholder and is also known for its investment in Scunthorpe's steelworks. It bought a majority stake in Monarch in 2014, with a reported investment of £125m.
"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our Atol licences," said Andrew Swaffield, chief executive of the Monarch Group.
In October 2014, Monarch announced an order for 30 of the latest Boeing 737 jets, with an option to buy 15 more. It expects to take delivery of the first of those in 2018.
After three weeks of drama, Monarch lives to fly another day. How long the holiday airline retains its independence, however, remains open to question. This morning's bailout - there is no detail on what form the extra £165m from owners Greybull Capital will take - is enough to satisfy the Civil Aviation Authority, but will not remove doubts about its long-term prospects. The airline's strength in flights to the western Mediterranean, Egypt and North Africa has become its Achilles' heel as terror attacks have dented demand to those destinations. On top of those short-term trading challenges, Monarch remains caught between the big low-cost airlines EasyJet and Ryanair, and the in-house airlines owned by the big tour operators including Tui and Thomas Cook.
Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
Beeb:-
UK airline Monarch has settled worries over its future by agreeing a £165m investment from Greybull Capital.
The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.
Greybull Capital is Monarch's majority shareholder and is also known for its investment in Scunthorpe's steelworks. It bought a majority stake in Monarch in 2014, with a reported investment of £125m.
"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our Atol licences," said Andrew Swaffield, chief executive of the Monarch Group.
In October 2014, Monarch announced an order for 30 of the latest Boeing 737 jets, with an option to buy 15 more. It expects to take delivery of the first of those in 2018.
After three weeks of drama, Monarch lives to fly another day. How long the holiday airline retains its independence, however, remains open to question. This morning's bailout - there is no detail on what form the extra £165m from owners Greybull Capital will take - is enough to satisfy the Civil Aviation Authority, but will not remove doubts about its long-term prospects. The airline's strength in flights to the western Mediterranean, Egypt and North Africa has become its Achilles' heel as terror attacks have dented demand to those destinations. On top of those short-term trading challenges, Monarch remains caught between the big low-cost airlines EasyJet and Ryanair, and the in-house airlines owned by the big tour operators including Tui and Thomas Cook.
Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
Join Date: Apr 2010
Location: London
Posts: 7,072
Likes: 0
Received 0 Likes
on
0 Posts
Beeb report:-
UK airline Monarch has settled worries over its future by agreeing a £165m investment from Greybull Capital.
The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.
Greybull Capital is Monarch's majority shareholder and is also known for its investment in Scunthorpe's steelworks. It bought a majority stake in Monarch in 2014, with a reported investment of £125m.
"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our Atol licences," said Andrew Swaffield, chief executive of the Monarch Group.
In October 2014, Monarch announced an order for 30 of the latest Boeing 737 jets, with an option to buy 15 more. It expects to take delivery of the first of those in 2018.
After three weeks of drama, Monarch lives to fly another day. How long the holiday airline retains its independence, however, remains open to question. This morning's bailout - there is no detail on what form the extra £165m from owners Greybull Capital will take - is enough to satisfy the Civil Aviation Authority, but will not remove doubts about its long-term prospects. The airline's strength in flights to the western Mediterranean, Egypt and North Africa has become its Achilles' heel as terror attacks have dented demand to those destinations. On top of those short-term trading challenges, Monarch remains caught between the big low-cost airlines EasyJet and Ryanair, and the in-house airlines owned by the big tour operators including Tui and Thomas Cook.
Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
UK airline Monarch has settled worries over its future by agreeing a £165m investment from Greybull Capital.
The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.
Greybull Capital is Monarch's majority shareholder and is also known for its investment in Scunthorpe's steelworks. It bought a majority stake in Monarch in 2014, with a reported investment of £125m.
"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our Atol licences," said Andrew Swaffield, chief executive of the Monarch Group.
In October 2014, Monarch announced an order for 30 of the latest Boeing 737 jets, with an option to buy 15 more. It expects to take delivery of the first of those in 2018.
After three weeks of drama, Monarch lives to fly another day. How long the holiday airline retains its independence, however, remains open to question. This morning's bailout - there is no detail on what form the extra £165m from owners Greybull Capital will take - is enough to satisfy the Civil Aviation Authority, but will not remove doubts about its long-term prospects. The airline's strength in flights to the western Mediterranean, Egypt and North Africa has become its Achilles' heel as terror attacks have dented demand to those destinations. On top of those short-term trading challenges, Monarch remains caught between the big low-cost airlines EasyJet and Ryanair, and the in-house airlines owned by the big tour operators including Tui and Thomas Cook.
Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
Join Date: Aug 2002
Location: London (Babylon-on-Thames)
Age: 42
Posts: 6,168
Likes: 0
Received 0 Likes
on
0 Posts
Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
Join Date: Aug 2007
Location: West Yorkshire
Posts: 635
Likes: 0
Received 0 Likes
on
0 Posts
Certainly looks that way, nothing from outside investors,nothing by way of restructuring the company. The finance deal with Boeing will put them on a better footing for a takeover and Greybulls money will keep them going until a buyer is found.
Join Date: Jul 2000
Location: London
Posts: 569
Likes: 0
Received 0 Likes
on
0 Posts
First things first, Skipness you are a bit of a wally for repeatedly peddling doom, gloom and pessimism about Monarch, even when there's something really positive! Either you are a worried competitor or you just need to get a life!
Secondly, there'll be no sale to jet2 because they couldn't afford us. Closing is what our competitors want us to do - not happening!
Get over it!
Secondly, there'll be no sale to jet2 because they couldn't afford us. Closing is what our competitors want us to do - not happening!
Get over it!
Join Date: Aug 2002
Location: London (Babylon-on-Thames)
Age: 42
Posts: 6,168
Likes: 0
Received 0 Likes
on
0 Posts
First things first, Skipness you are a bit of a wally for repeatedly peddling doom, gloom and pessimism about Monarch, even when there's something really positive! Either you are a worried competitor or you just need to get a life!
To survive MON will need to be as close to that space as possible except they are either larger in the case of three and more focused on packages like LS. Monarch have been squeezed badly, this has gotten worse, and their main shareholder has allowed a situation to develop where consumer confidence has collapsed going into the quiet trading period, i.e. poor trading just got much worse. Not only that, all talk of new investors has been shown to be a myth.
If a business needs something like a sugar daddy Swiss billionaire to survive it won't last long if daddy cuts off the credit cards. I have no idea why Greybull allowed this to happenas they've increased the chances of MON closing by not putting the money in earlier.
It's barely a lifeline to see them through to the summer by which time people will still have this crisis in mind when booking. Far from out of the woods, they need a proper investor or a sale.
Join Date: Aug 2010
Location: London
Posts: 238
Likes: 0
Received 0 Likes
on
0 Posts
First things first, Skipness you are a bit of a wally for repeatedly peddling doom, gloom and pessimism about Monarch, even when there's something really positive! Either you are a worried competitor or you just need to get a life!
Secondly, there'll be no sale to jet2 because they couldn't afford us. Closing is what our competitors want us to do - not happening!
Get over it!
Secondly, there'll be no sale to jet2 because they couldn't afford us. Closing is what our competitors want us to do - not happening!
Get over it!
Join Date: Aug 2007
Location: West Yorkshire
Posts: 635
Likes: 0
Received 0 Likes
on
0 Posts
You`re right, there won`t be any sale to Jet2..They are smart business cookies. Bmi Baby was a much better fit for them,but they just watched it get wound up and picked out the bits they wanted and got it all for free...