On the one hand, this is good news all round. I've been through the redundancy thing and had a prolonged period out of work - I know it's not fun.
However this is a heavily regulated company for which safety is critical and which relies on consumer long term confidence to pay up front on a non-refundable basis for a service they will receive in several months time.
Maybe Greybull is the right owner to do major surgery on the company, but the whole set up right now leaves me feeling distinctly uneasy about the long term direction of Monarch. When hedge funds are cutting deals, you can be certain that asset stripping or taking large dividends out of the company in the short term will be on the agenda - long term investment in staff will be low on the priority list