I am not a businessman but I am confused about what happened here.
So, the CAA were not mined to grant an ATOL licence for the next year to support that part of Monarch's business - and that was used by Greybull to trigger closure with money in the bank.
I thought that private equity was about risky chaps who earn a lot of money because they took a lot of risk- these chaps just look like crafty money manipulators with little responsibility towards the people in the businesses they run. Am I being naïve?
Dan Air/Court Line etc. were massively in debt when they failed/were bought for peppercorn weren't they.