Awful news for the Monarch staff. I hope it turns over for them. A great name in the industry. It does make you wonder where their model fits. Competing directly with the low cost monsters to similar pairs starting on a lower peg costs wise. Flybe have done very well to embrace their unique selling point and corner a little market in the UK. Monarch don't have that. I really do hope they can pull it off, I'd rather fly with them than certain other airlines. All the best for all at the company.