If things don't turn out well for Monarch, which I sincerely hope does not come to pass, then one thing is for certain. Easyjet will not want to see any of Monarch's LGW slots end up in the hands of the competition. Would they consider another take-over a la GB Airways? Highly unlikely on the face of it with the current flexible fleet expansion plans. But LGW is Easyjet's cash cow so if it kept the competition out, then who knows.