BUSINESS AS USUAL TODAY:
The very good news is that the CAA have obviously re-licensed Monarch for the future, which will be based on concrete assurances and bonds from Greybull to guarantee the airline's future operations and holidays. Evidently Greybull lacked previous experience of dealing with the CAA, who have laws and regulations to adhere to and make no favours to anyone, big or small. Greybull must have upset the CAA last week to the extent that discrete plans were put in place to repatriate Monarch’s customers overseas and most probably even British Consulates abroad would have been requested to stand by to assist. Keen spotters noticed the widebodies coming from the USA and other charters and the discrete planning came to be made public. Greybull will certainly not make the same mistake again, as, without doubt, the costs of the chartered repatriation aircraft will be recharged to them.
And yes, the very good news is that Greybull have guaranteed the ongoing operations at Monarch and the CAA would only accept such promises unless they are backed by bankers’ bonds.