There seems to be a complete misunderstanding of the issues.
As a retired senior airline executive , I would like to add my ideas.
1. Monarch ( ATOL) is still selling package holidays, to repatriate these pax
will take some weeks if the ATOL is cancelled at midnight tomorrow.
2. If the ATOL is cancelled there is nothing to prevent the airline (ZB)
TO FLY as a lowcost carrier , providing the Airline is not in breach of
its AOC and a sound business plan is in place.
.
The percentage split flight only against tour operating is of course the key.
Maybe someone should look at Companies House to check latest
filings. ( Airline and Monarch Holidays ).
If the Package side is dropped I am sure a light weight cost Carrier can rise
from the ashes.
THE AIRLINE IS TOO GOOD TO VANISH.