Monarch -2
Join Date: Sep 2001
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and apparently Faro is being cut down from around 10 flights per week (Not sure what exact is) to just 1 on a Sunday
Join Date: Jan 2008
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Monarch Airlines Gets $121 Million Bailout, Sunday Times Reports - Bloomberg
The Swiss owners of Monarch Airlines Ltd. injected 75 million pounds ($121 million) in cash into the carrier because of surging fuel prices, the Sunday Times reported.
It’s the second time in two years that the Mantegazza family have bailed out the company, which is expected to report a loss of 45 million pounds for the year, the newspaper said without citing anyone.
It’s the second time in two years that the Mantegazza family have bailed out the company, which is expected to report a loss of 45 million pounds for the year, the newspaper said without citing anyone.
Join Date: Jun 2011
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Found this really strange today. ZB532/533 (MAN - PMI - MAN) is a morning flight and ZB534/535 (MAN - PMI - MAN) is an afternoon/evening one but for some strange reason today it was the other way round. Never seen this happen before. Anyone know why?
Join Date: Sep 2006
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DomyDom - I don't have any inside info here but i just don't think it'll be as big as it's being built up as. New routes are always on the cards especially with the switch from MON to ZB.
Join Date: Jun 2005
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This is simply press speculation from a newspaper that really ought to know better (it's that time of year). Swiss billionaires aren't in the habit of throwing good money after bad - that's why they remain Swiss billionaires that have increased their wealth over recent years, despite the "recession".
In reality, they are playing a long game and will back loans to companies in their portfolio that have served them well and will do so again in the future.
An airline's profit is but one element in the big picture. The shareholders buy and then lease aircraft that they own to the Company and are thus having their aircraft bought from the lease costs. Once these aircraft are paid for (after say 10 years) they make a substantial profit for the shareholder (not the company) for another 10 or more years, analogous to buying a buy-to-let house and having the tenants buy it for you in 10 years via their rent and therefter you enjoy another 10 years with no mortgage payments. Unfortunately aircraft tend to last not much longer than 20 or so years, unlike houses.
The point is that Monarch does not need to make money to be of value to the shareholders - why do you think it has NEVER made a substantial profit of more than £10m, despite a £700+m turnover in recent years, in over 40 years of trading?
In reality, they are playing a long game and will back loans to companies in their portfolio that have served them well and will do so again in the future.
An airline's profit is but one element in the big picture. The shareholders buy and then lease aircraft that they own to the Company and are thus having their aircraft bought from the lease costs. Once these aircraft are paid for (after say 10 years) they make a substantial profit for the shareholder (not the company) for another 10 or more years, analogous to buying a buy-to-let house and having the tenants buy it for you in 10 years via their rent and therefter you enjoy another 10 years with no mortgage payments. Unfortunately aircraft tend to last not much longer than 20 or so years, unlike houses.
The point is that Monarch does not need to make money to be of value to the shareholders - why do you think it has NEVER made a substantial profit of more than £10m, despite a £700+m turnover in recent years, in over 40 years of trading?
Join Date: Aug 2009
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another bailout
The line was always 3 consecutive years of losses and Sergio would sell. Wonder if that's still his mindset.
Brown's utter ineptitude continues to damage the business. Even after he's long gone. Shame.
Brown's utter ineptitude continues to damage the business. Even after he's long gone. Shame.
Join Date: Jul 2006
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Ive heard Monarch are buying bmibaby...... ????
bmi Mainline announcement to follow a week or so after..
Join Date: Oct 2004
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Newcastle Summer 2012
Hi
THomas cook holidays have 4 757 aircraft planned to be based at NCL next summer again. THis summer there was 2 from TCX and 1 from AEU and 1 from MINT airlines....
Could Monarch have teamed up with TCX at NCL to operate a based aircraft on behalf of TC holidays. This way it would give monarch the entrance into operating from NCL with out such a high risk....
If say each flight was chartered by TCX holidays say 80% of seats then 20% of seats to be sold through monarch.com??
What do you think?
THomas cook holidays have 4 757 aircraft planned to be based at NCL next summer again. THis summer there was 2 from TCX and 1 from AEU and 1 from MINT airlines....
Could Monarch have teamed up with TCX at NCL to operate a based aircraft on behalf of TC holidays. This way it would give monarch the entrance into operating from NCL with out such a high risk....
If say each flight was chartered by TCX holidays say 80% of seats then 20% of seats to be sold through monarch.com??
What do you think?