Airlines, Airports & Routes Topics about airports, routes and airline business.

Monarch - 3

Old 26th Sep 2016, 06:40
  #3201 (permalink)  
 
Join Date: May 2012
Location: Stralya
Posts: 62
Don't hold your breath!
wondrousbitofrough is offline  
Old 26th Sep 2016, 06:43
  #3202 (permalink)  
 
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.
FANS is offline  
Old 26th Sep 2016, 06:47
  #3203 (permalink)  
 
Join Date: Aug 2013
Location: Newcastle Upon Tyne
Posts: 886
747 UA2281 PMI-BHX Cancelled

N120UA ORD-TFS enroute still
LiamNCL is offline  
Old 26th Sep 2016, 07:00
  #3204 (permalink)  
 
Join Date: Jun 2000
Location: UK
Posts: 450
CAA spooked too soon?
Hudson Bay is offline  
Old 26th Sep 2016, 07:01
  #3205 (permalink)  
 
Join Date: Dec 2012
Location: UK
Posts: 170
Monarch airlines says flights operating as normal - BBC News
111KAB is offline  
Old 26th Sep 2016, 07:03
  #3206 (permalink)  
 
Join Date: Aug 2013
Location: Newcastle Upon Tyne
Posts: 886
Looks to me like one big over reaction and certainly undermindes the airline if so ! Pulling 747s out of service to sit on tarmac in Europe will not come cheap either.
LiamNCL is offline  
Old 26th Sep 2016, 07:06
  #3207 (permalink)  
 
Join Date: Jan 2000
Posts: 639
There's reference on BBC to this money funding ATOL renewal, which was mentioned by someone .
FANS is offline  
Old 26th Sep 2016, 07:22
  #3208 (permalink)  
 
Join Date: Aug 2014
Location: BHX
Posts: 305
All flights operating as normal this morning at brum
Brigantee is offline  
Old 26th Sep 2016, 07:28
  #3209 (permalink)  
 
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.
Fumble is offline  
Old 26th Sep 2016, 07:29
  #3210 (permalink)  
 
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.
mudcity is offline  
Old 26th Sep 2016, 07:30
  #3211 (permalink)  
 
Join Date: Mar 2014
Location: NUTTER IN VECC
Age: 56
Posts: 24
Fumble, he's probably been up all night talking with the banks.
Tom Bangla is offline  
Old 26th Sep 2016, 07:31
  #3212 (permalink)  
 
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.
mudcity is offline  
Old 26th Sep 2016, 07:32
  #3213 (permalink)  
 
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!
FANS is offline  
Old 26th Sep 2016, 07:32
  #3214 (permalink)  
 
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."
billyg is offline  
Old 26th Sep 2016, 07:34
  #3215 (permalink)  
 
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.
Malchester is offline  
Old 26th Sep 2016, 07:35
  #3216 (permalink)  
 
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.
Skipness One Echo is offline  
Old 26th Sep 2016, 07:36
  #3217 (permalink)  
 
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!
FANS is offline  
Old 26th Sep 2016, 07:40
  #3218 (permalink)  
 
Join Date: Jan 2000
Posts: 639
Greybull could have put the money in last week and none of this would have come up.

They could put it in by 9am and announce accordingly.

Alternatively, they could do nothing.
FANS is offline  
Old 26th Sep 2016, 07:41
  #3219 (permalink)  
 
Join Date: Oct 2012
Location: Wales
Posts: 20
Very difficult one for the company. Clearly there were / still are problems. Do they deny and hope for a solution (which they did) or do they admit it and commit commercial suicide?
Malchester is offline  
Old 26th Sep 2016, 07:46
  #3220 (permalink)  
 
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 .
FANS is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.