Monarch Future
Hard Facts:
Monarch does not own any of its fleet they are all leased aircraft
The Lessors all met last week with Seabury who are trying to substantially lower lease rental payments
Monarch should / could be a going concern
One of the big four are on standby if no investor comes forward
Jet 2 are prowling but will typically not gonna pay top dollar
Best bet is a trade sale
What happens to Engineering? Good question - jewel in crown. 787 maintenance etc