Monarch - 3
Join Date: Jan 2000
Posts: 639
I thought this was just a rumour until that statement came out.
It would take greybull very little time - and certainly not days - to put the funding in. Of course, that assumes they think it's worthwhile investing new money.
Releasing press statements that state we do have a problem and not yet a solution is adding to the flames.
It would take greybull very little time - and certainly not days - to put the funding in. Of course, that assumes they think it's worthwhile investing new money.
Releasing press statements that state we do have a problem and not yet a solution is adding to the flames.
Join Date: Dec 2012
Location: UK
Posts: 170
Join Date: Dec 2000
Location: West Sussex, England
Posts: 7
With all these rumours in circulation and the U.K. Media covering the story, why have they not pulled Andrew Swaffield (CEO) into play? Would it not make sense to have him on TV/Radio to deny and squash the rumours? His words might play stronger than those of the FaceBook/Twitter person at ZB or a press release.
Join Date: Sep 1999
Location: london
Posts: 146
There is no doubt that the CAA have put wide bodies on standby across Europe in case MON were unable to continue trading.....obviously a deal has been done or is being done which keeps the CAA happy with regard to MON continuing. Let's hope MON now has a great opportunity to build going forward for the sake of all who work there.
Join Date: Sep 1999
Location: london
Posts: 146
There is no doubt that the CAA have put wide bodies on standby across Europe in case MON were unable to continue trading.....obviously a deal has been done or is being done which keeps the CAA happy with regard to MON continuing. Let's hope MON now has a great opportunity to build going forward for the sake of all who work there.
Join Date: Jan 2000
Posts: 639
It is now clear that there was substance to this rumour and the group requires additional funding, and according to the BBC was in talks with the CAA overnight around ATOL renewal.
Needless to say, it's Twitter account tweets didn't feel it right to let the customers know this.
When booking your flights on Google, you'll find the Monarch link under the link which says that Monarch denies it's going bust!
Needless to say, it's Twitter account tweets didn't feel it right to let the customers know this.
When booking your flights on Google, you'll find the Monarch link under the link which says that Monarch denies it's going bust!
Join Date: Nov 2002
Location: Abbotsinch,Scotland
Posts: 191
Jerry Scott, a Business Live reader, has landed at Manchester airport on another airline. He says staff on his flight told him:
"Monarch engineers were tipped off at 3pm yesterday and went and got their tools before they were to be impounded. Planes at Manchester and Birmingham on remote stands and watched over by security."
"Monarch engineers were tipped off at 3pm yesterday and went and got their tools before they were to be impounded. Planes at Manchester and Birmingham on remote stands and watched over by security."
Join Date: Oct 2012
Location: Wales
Posts: 20
Saved for another day
As I read the situation it seems Monarch were all set to cease trading after all flights arrived back last night but overnight talks seem to have given a hope of some funding to pay for the ATOL licence hence the flights going ahead today. I hope they succeed as I like flying with them for comfort and one of the best crews around.
Join Date: Sep 2002
Location: London (Babylon-on-Thames)
Age: 39
Posts: 6,168
Winter beckons and confidence in forward bookings died last night. Greybull will likely not see an ROI without ploughing even more in. They don't seem keen IMHO.
I would not book with Monarch going forward for a long time, would you? If they make it to the summer, it would be a huge achievement. There are just safer options that Joe Public knows equally as well for a similar price point.
I would not book with Monarch going forward for a long time, would you? If they make it to the summer, it would be a huge achievement. There are just safer options that Joe Public knows equally as well for a similar price point.
Join Date: Jan 2000
Posts: 639
Whatever funding it might have required on Friday night will now increase given some customers will hold off booking and suppliers will get more nervous.
This has been badly managed by the company, and the standby flights organising did not take into account plane spotters technology!
This has been badly managed by the company, and the standby flights organising did not take into account plane spotters technology!
Join Date: Jan 2000
Posts: 639
I think it's very simple . Put the money in and play ball with the CAA, rather than what seems to have been overnight brinkmanship talks and chat of raising money.
The staff may be fantastic but they have no idea what's really going on, and so why would anyone book a flight with these guys unless it was a lot cheaper .
The staff may be fantastic but they have no idea what's really going on, and so why would anyone book a flight with these guys unless it was a lot cheaper .
