My recent post was actually in answer to Southside Hangar who had not, it appeared, seen coverage regarding the redundancies.
With regard to the more general situation I have doubts regarding the 'intentions' of Greybull Capital. They are, by there own admission a vulture fund and their input into Comet Electrical and Riley Snooker suggests they may be in it for a short term gain. The early morning slots, MAEL, Cosmos etc. may be worth more than the money they are injecting and indeed I have read that contingent liabilities are in excess of the Greybull injection figure and the pension black hole is another factor. The fact that Avalon Waterways do not form part of the sale is telling insofar as this is where the Swiss see growth/profit.
I agree that the winter period is difficult for any bucket and spade airline and Monarch will probably suffer from the reported slow take up of ski packages. In addition the recent uncertainty must place doubt for some pax bookings. Greybull Capital can therefore stay in long term (I have my doubts), liquidate or float. Given the current financial situation I cannot see any sale of Monarch being attractive to the City however this is where the competition score ie having the ability to call upon shareholder backing when it comes to say aircraft fleet renewal/expansion.
I feel the Swiss (and the board at the time) just let matters drag on for too long whilst the others were expanding and whilst I commend the new board for trying to get a grip of the matter I question whether it is too late particularly in respect of the partner they have had to run with.
LBA flights loaded today >
http://www.monarch.co.uk/news/flight...ummer-2015-lba
http://www.travelmole.com/news_featu...etreg®ion=2
http://www.travelweekly.co.uk/Articl...d+airport.html