The elephant in the room is why the authorities appear to have taken such a tough stance, if Monarch are doing so well? I strongly favour the cock up over conspiracy view of life, but you do wonder.
Incurring considerable expense (if the rumours are true and I certainly saw the 747 in Palma) in chartering capacity seems to have been unnecessary. Was it crossed wires from some faceless bureaucrat. Or was this the authorities indicating a lack of trust in Monarch's backers based on prior experience.
Greybull say they were a minor player in Comet (electrical retail insolvency). But they clearly have track record of investing in distressed companies (Tata Scunthorpe etc) not all of which go on to greater things. Whether they are plucky investors with the long term interests of all stakeholders we will see in due course. Meanwhile good luck to everyone at Monarch!
Last edited by lederhosen; 15th Oct 2016 at 12:52.