Really gutted about this, a great and long standing name now gone. Due to failings and consolidation most of the great names such as British Midland, Britannia have gone and its sad as many great memories as a toddler/young boy falling in love with aviation watching these names.
First memory of Monarch was my first flight ironically on Britannia Airways, taking my seat as a four year old looking out the window to see a Monarch BAC 1-11 pull up beside us.
Flew with Monarch a few times, notably the excellent special final A300 flight they did from LGW to BHX, even have the headrest cover off the flight on my Flight Sim PC seat!
Will seem odd going to BHX/MAN/LTN to watch planes with my own kids and not seeing these around... nor in my flight sim world.
Thoughts with all the employees and passengers affected, hope all get fixed up quickly and with their great service I am sure most will.