"The US aerospace giant (boeing) is understood to have injected the money via Monarch’s offshore holding company, Petrol Jersey Ltd.
That deal, plus a potential £60 million sale of lucrative runway slots – including 20 at Gatwick – and £48 million of cash in Monarch’s bank account, means Greybull is likely to walk away from the failure of the airline and travel group with losses that are a fraction of the £250 million shortfall it has been widely reported as facing, according to The Sunday Times.
"Questions have been raised about timing. Monarch went down with £48 million of cash in the bank, over which Greybull has a strong claim as primary secured creditor"
"Greybull’s Marc Meyohas said the timing of the collapse “was influenced by Atol, not by us running out of cash"
"Greybull said it is owed debt, equity, interest and fees totalling more than £100 million, which will be offset by the proceeds from the administration"
http://www.travelweekly.co.uk/articl...s-165m-bailout