Originally Posted by
Fuel Crossfeed
Thaihawk. With that theory mon should have ceased ops this time last year - which it did not!
What kaikohe76 says.
Because it received a £165m cash in injection from Greybull which was possible through the sale and lease back of the proposed new 738 Max fleet.
What I'm at a loss to understand is that if it's only the ATOL element in question (which accounts for only 5% of business) then this should have little impact to the overall operation as the flights that the Pax that are on holiday will still be operating so absolutely no need for MON to be stopped flying and expensive 'rescue' flights organised.
The only thing I can think of is that if the ATOL is not renewed they will possibly be forced to refund those holiday bookings that they have going forward and maybe the cash isn't there to be able to do that.
Sad times, yet another avoidable mess.