Originally Posted by
i_spy
Any knowledge as to why Monarch's CEO, Andrew Swaffield & Co. have incorporated a 'new scheduled passenger air transport' company?
No actual knowledge, but speculation that they may be in the bidding for part of the business, free of all its liabilities.
The interesting bit is that the 2016 accounts were signed off on 1st September 2017 and filed on the 2nd and low and behold the company went belly up shortly thereafter, with just a little gobbledygook from its auditors about going concern.
So who are the biggest losers the taxpayer yet again. Out of whose purse the 110,000 pax will need to be repatriated and when they are back on home soil will have to use their otherwise redundant buckets and spades to dig deep and shovel the lost revenue back into the governments coffers. Not forgetting the fact that redundancy and unpaid holiday entitlement payments for 2000 employees will also require further excavation.
They should have taken it off life support at its previous coronary event in September 2016.