It looks like there is more to it than just paying a bond though.
The CAA seem to take an in depth look at the holders finances.
https://www.caa.co.uk/ATOL-protectio...cial-criteria/
With Monarch publicly looking for a cash injection for a few months, and publicly stating it again this week, it is perhaps not unsurpring the action the CAA have taken.
Good luck to all all involved. An unsettling time for all the guys and girls involved.