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Thread: Monarch - 3
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Old 1st Oct 2016, 08:53
  #3634 (permalink)  
KyleRB
 
Join Date: Oct 2008
Location: UK
Age: 43
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Yes it is intriguing who the new investor(s) might be but whoever they are, there will have to be significant investment and they will have to be committed to the airline's long term future.

Despite the fact Monarch has been scraping along the bottom for the last 2 years, it has a good brand, the oldest AOC, ETOPS approval, desirable slots, well trained crews and world class aircraft engineering. Apparently management has always been patchy but hopefully the not so capable will move on and leave those only competent in charge. Despite what some say here, I understand that Andrew Swaffield is one of the more capable at Monarch - his record is quite impressive at other companies.

However the fact remains, Monarch nearly went bust but thankfully they didn't and hopefully this is the dawn of a new era.
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