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Monarch - 3

Old 27th Jul 2014, 20:04
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adfly

I have no idea where you've got that impression from? Monarch is a strong brand and i would love to see them be really successful and grow, i have no axe to grind with them, i have never worked there or even applied, i have flown with them of course other than the lack of leg room and delayed departures i thought the product was good and far better than some of the other so called LoCo

Having said all that clearly thing are in a state of change, hopefully for the better.
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Old 27th Jul 2014, 21:55
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Adfly,

Interesting 2 new topics on Monarch finances. One alleging yet another cash injection about to be made, a 2nd they wish for outside investment.

Are the two linked, and if so Im not sure if this is a sign they don't think they have enough dosh for the medium term. Or perhaps they are confident enough they wish to expand much further ?

Thoughts anyone ?


Nigel
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Old 27th Jul 2014, 22:17
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Just been looking for flight LGW-SSH next June, are Monarch not using an A330 on this route next year?
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Old 28th Jul 2014, 07:43
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Nigel

A lot of people seem to assume that because the 'M' family are worth a reported €4.7bn that money is no object in funding Monarch's ongoing operations, my personal view is that the owners never got that wealthy by investing in vanity projects and as the old saying goes about 'how do you make a small fortune in the airline industry? start of with a large now !!

At the same time airlines can be very good for cash flow even if they just break even, but the need for a possible 3rd cash injection and outside investors does suggest a change of heart, it may well be that they are looking to do this by a public flotation.

I think i read that they are now trading profitably, so if they are seeking to raise funds for fleet replacement & expansion then that must be regarded as a positive step
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Old 28th Jul 2014, 08:28
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Looking again at the press release which was issued when the 'commitment' to Boeing was announced the MD Andrew Swaffield states
'“With this fleet replacement we are choosing the correct number of aircraft and the correct size of aircraft to help us create a year-round efficient European operation which maximises profitability.''
This was for 30 aircraft....monarch operate currently 42 aircraft !
Now I read that as the intention is to shrink the fleet not expand it., whether this is part of the conditions from the shareholders for getting more money from them ? I guess all will become clear in the next few months.
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Old 28th Jul 2014, 08:39
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Now I read that as the intention is to shrink the fleet not expand it
Given the company's strategy to be a European scheduled airline I would guess that the A330 fleet doesn't really fit with these plans, so I would suspect that the shrinkage could come through the withdrawal of the type.
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Old 28th Jul 2014, 09:13
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Originally Posted by mudcity
Looking again at the press release which was issued when the 'commitment' to Boeing was announced the MD Andrew Swaffield states
'“With this fleet replacement we are choosing the correct number of aircraft and the correct size of aircraft to help us create a year-round efficient European operation which maximises profitability.''
This was for 30 aircraft....monarch operate currently 42 aircraft !
Now I read that as the intention is to shrink the fleet not expand it., whether this is part of the conditions from the shareholders for getting more money from them ? I guess all will become clear in the next few months.
The letter of intent - because that is what it is - is for 30 aircraft with options on a further 15. I read that as an intention to operate at least 45 aircraft. The A330s are scheduled to go out of service in 2018.
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Old 28th Jul 2014, 16:32
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LNIDA - perhaps my comment was a little unfair, but it just seemed clear to me in the article that Monarch intended to continue to complete the with fr/ezy in the same way they do currently rather than going all out and ordering a few hundred planes to do so more directly.
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Old 29th Jul 2014, 10:05
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Another big name goes out the door with a pocketful of cash.
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Old 29th Jul 2014, 10:23
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Big changes at the top.

Ian Rawlinson the current chairman is leaving after 5 years.
Sir Ian Mac Nutty is becoming chairman.
Andrew Swaffield who was Monarch MD is becoming the CEO of the group...
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Old 29th Jul 2014, 15:42
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What are the future plans for Monarch's A330-200 aircraft? It seems G-EOMA is LGW based and G-SMAN is MAN based for the summer. Will these be operating throughout the Winter for MON and Summer 2015?
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Old 29th Jul 2014, 16:56
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Monarch Group announces new chairman and CEO

Monarch Group announces new chairman and CEO
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Old 31st Jul 2014, 13:34
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BBC News reporting a public "sacking" :

BBC News - Airline axes baggage handler, after Gatwick chaos
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Old 31st Jul 2014, 13:58
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Swissport are blaming their recent problems on the fact that too many aircraft landed between 11pm and 1am. Utterly clueless!

Stating the obvious.... LGW is a busy airport running with a busy summer schedule.

When I worked for Servisair a few years ago, we would have thought something was wrong if there weren't rapid successive arrivals at that time, or at any other time come to think of it!

Basically, it's unacceptable performance by Swissport and Monarch is doing the right thing by making them walk the plank.

Maybe other airlines will follow.... and I would understand why.

However, I would feel sorry for the actual loaders & handlers, as the attitude of their management could cost jobs. Not fair at all. Let's hope Swissport pull their socks up, before any more carriers bail out.
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Old 31st Jul 2014, 14:39
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Originally Posted by OntimeexceptACARS
BBC News reporting a public "sacking" :

BBC News - Airline axes baggage handler, after Gatwick chaos
This is two week old news, reported on this thread. See #2124

Last edited by Georgeablelovehowindia; 31st Jul 2014 at 15:43.
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Old 31st Jul 2014, 22:45
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Has Monarch dropped Bodrum from Gatwick for S15? Site says Lgw is on sale for S15, but Bodrum is not.
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Old 1st Aug 2014, 16:31
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The all summer program is not all out.
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Old 2nd Aug 2014, 12:00
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Does anyone know if mon/zb plan to expand at gla as they have the odda330 on gla-sanford ?
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Old 2nd Aug 2014, 12:22
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Dont see any plans for Monarch in Scotland. They've missed the boat now with FR and Jet2. The SFB are just 3 a year, are just Cosmos charters and have never changed for the past 8 years, so dont see them changing now, particularly as there is a question over the future of the A330's.
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Old 3rd Aug 2014, 23:28
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Angry Monarch Fleet Expansion

Hi all. I am going to make this very short and simple. Even though I don't believe it has been completely finalised yet, it has been known for some time that Monarch were looking at ordering some 737-max aircraft for their fleet expansion. Can someone please explain what the heck Monarch were thinking of and why they see this as a fleet development? I mean why wouldn't they go for a320neo's or the new cseries jets? Surely in terms of price, technology, cost per seat and per nm and in terms of appeal these aircraft win? They say they want to separate themselves from the likes of Ryanair and yet they then go and get very similar aircraft to Ryanair. What is it with them. Am I the only person who sees this as a step back and not a step forward? I was interested in being a pilot for Monarch but I detest most Boeings (apart from 747-8, 777 and 767) the way they look and fly and their cockpits are in my opinion decades behind the airbus'. I understand many will say Boeings are for 'real pilots' and airbus' are for flying PC engineers but I just think that if you are gonna sit their flying, monitoring, doing paperwork and radios etc for many hours its better to have a nice environment than a horrid one. I am sorry to say it because I really liked Monarch as an airline but because of this and Iain Rawlinson stepping down I am rather disappointed in the airline and actually saddened by this. I just don't understand. Is there anything which the Boeing 737-max aircraft actually do better or cheaper than their competitors?
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