This order was placed 7 days after Greybull Capital bought out Monarch and invested £125m in the company.
Should be treated as a
PR exercise until we see some financial figures of how Monarch is trading in is new guise as a LCC.
At the moment there selling off the company silver, the aircraft purchased new two years ago, have now been sold of and replaced by aircraft 14 years old, an aircraft replacement plan in line with Jet2.
The £125m is working capital, no money in the pot for new aircraft, this years second hand purchases has been funded by sales of newer aircraft.