Originally Posted by
southside bobby
The issue concerning the ATOL licence has been covered in the "nationals"...& essentially the withdrawing of the licence in this instance is not in itself fatal as it does as you quote only cover 5% of the business...what it does do is lead v quickly is a loss of confidence from suppliers who withdraw logistical support or demand cash up front,that a lot of the time is the fatal element for airline ops...
That, combined with the fact that the aforesaid 5% (or more) of the future bookings that they are sitting on would have to be refunded, requiring a large pot of cash that Monarch probably haven't got.