As all the focus is on the ATOL protection for the holiday aspects of the Monarch business (only 5% of the business from what I’ve read) what are the implications for the (presumably) majority of Monarch customers booked on ‘ticket/flight only’ flights? If the ATOL/Holiday licence isn’t renewed at 1600 today, will that ground the whole airline? At post 238 above AndrewH52 implies not.....
I appreciate that the short-haul element is running at a loss, but will the airline continue to operate while the search goes on for a buyer, who - equally presumably – wants to see the operation go as close to wall as possible so that they pick the pieces at a knock-down price?