Originally Posted by
pressurezero
Monarch's balance sheet alone, actually, isn't bad. Lots of cash available.
I pulled Monarch's Account for 2016 earlier today and had a quick read. While the cash line seemed reasonable, the big red flag was the negative reserves at the bottom of the Balance Sheet, some £500m from memory! The Note on Impairments made for uncomfortable reading as well. Nevertheless, a sad day for British aviation.