I think Monarch have an important role to play in the UK aviation market and have punched below their weight for a long time, a few years back it looked sadly like the choice was between Ryanair & Easy, but Jet2, Monarch, Norwegian, & veuling are slowly changing the dynamics,i think Vueling with IAG behind them will become a major player, ditto Norwegian because of the shear scale of their order book, the order that Monarch makes will be crucial to their future if the get it right, Jet2 is the wild card, they do their own thing and haven't put a foot wrong yet, but it is all good news for UK aviation jobs