waco,
Seabury Designs a Turnaround Plan to Bring the Airline to Profitability –
Monarch Achieves ₤200 Million in Reductions of Annual Costs
October 24, 2014 05:17 PM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Seabury Group (“Seabury”), a leading global advisory and professional services firm, announced today that it has successfully advised the U.K.-based Monarch Airlines Group (“Monarch” or “the Group”) with respect to the completion of its strategic review and restructuring program. Under the program Monarch has secured ₤125 million of permanent capital and liquidity facilities provided by Greybull Capital LLP (“Greybull”) anchored by a ₤50 million capital commitment
So we save 200 million/year.....and this year we lost 60m.
I'll leave you to do the maths!