Telegraph:
“Monarch, the UK’s fifth largest airline, was today granted a one day extension to its licence after emergency talks with regulators.
Monarch’s ATOL licence is due to expire, but its bosses were trying to convince the Civil Aviation Authority (CAA) to grant it a renewal.
With the airline’s future in doubt, the CAA said it would provide a “daily update” on the status of its ability to operate its package holiday arm......”