Is there a press release confirming the above? I haven't noticed one to date.
You are likely to get more accurate information here than from the press.
If you have ever had an dealings with the CAA for licensing or repatriation, you would know that my comments are reasonably accurate
The primary point that is irrefutable is that Monarch have been debt laden for many years and as one threader aptly highlighted cash injections are merely stopgaps. Their transition between loco and schedule (or vice versa) has been difficult and seemingly to many of us in the industry 'confusing', I hope like many as well as cash they will appoint senior people to get a good airline back on track and in the near future effective and profitable.
Totally agree.