From Airliners.net #102
5 minutes ago
guys - Monarch flights and seats are sold by First Aviation, at the end of SEPT the ATOL is due for renewal and that means a new bond is needed, that bond would be for more than GBP 5m. Greybull won't want to tie up that much working capital and as the airline has not been sold as a going concern, partly due to brevet concerns for a UK AOC and what it can and can't do after brexit, then the logical choice will be to shut the airline down prior to start of new ATOL year.
Sorry to say it but once the planes are airborne from IBZ, they will shut the airline down.
The aircraft in place are to be used for passengers to be repatriated, This is much better planned than the XL failure. All will become clear tomorrow AM.