The fact they've got an extension suggests the CAA has a degree of confidence about their financial stability going forward. With promises of major investment due to be announced let's hope they're heading into a happier place.
I know there's no room for sentiment in aviation but I've got a huge spot for
Monarch. They're one of the airlines I grew up with. They started at Luton in the year I was born and I've seen them in all their guises, from the Britannia's, Boeing 720's & BAC1-11's of the early fleets to the Airbuses of today.
Good luck to all at Monarch. Long may they remain!!