From Telegraph article: Monarch owner's losses could be less severe than thought on back of Boeing deal. (sorry - can't hyperlink as I'm new here)
Quote:
'Monarch Airlines’ private equity owner slashed its exposure to the airline through a complex deal with aviation giant Boeing just a year before it collapsed...'
'Keen to get the upper hand in its battle for orders with rival Airbus, Boeing injected the money through Petro Jersey Ltd, Monarch’s offshore holding company, after Greybull stuck a bargain deal with the US giant to pay far below the market value for an eventual total of 45 new planes, according to The Sunday Times.'
Pots and Kettles?