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Monarch - 3

Old 26th Sep 2016, 09:39
  #3261 (permalink)  
 
Join Date: Oct 2008
Location: UK
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Monarch needs a big investment to continue long term and I hope it gets it. I have friends who work there and I have my fingers crossed for them. It has always been one of the best airlines in the UK and deserves a future.
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Old 26th Sep 2016, 09:40
  #3262 (permalink)  
 
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What a load of rubbish I'm reading.

FANS
It is now clear that there was substance to this rumour and the group requires additional funding,

If you had been bothered to do a bit of research, you would already know that the requirement for additional funding is no secret. Monarch published exactly that in their last published accounts and is still on track to make a 40m+ profit this year.

Skipness One Echo
Greybull will likely not see an ROI without ploughing even more in. They don't seem keen IMHO.

Greybull have already seen a sizeable return on their investment. Read the published accounts. In your opinion they don't seem keen...? Why is that then? Pure speculation on your part perhaps or are you just trying to make more out of this than there really is?

Very sad indeed to see certain individuals almost relishing in the bad news and misinformation appearing on social media. We don't know all the facts and considering there are quite a few thousand people who are directly involved in this, I find some of the posts in this thread quite distasteful.
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Old 26th Sep 2016, 09:43
  #3263 (permalink)  
 
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J2 enters BHX and London Market, J2 takes over Monarch hangar, Monarch orders Boeings, J2 orders Boeings, J2 requires 200 plus pilots over next 12 months, Owner of Monarch wants rid, J2 in proper expansion mode, Ts & Cs at Monarch now similar to J2 following reorganisation, no further Fleet transfers at J2. Go figure.
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Old 26th Sep 2016, 09:47
  #3264 (permalink)  
 
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J2 leases A321 for summer so its has some experience of operating the aircraft in the short term?
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Old 26th Sep 2016, 09:52
  #3265 (permalink)  
 
Join Date: Aug 2010
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All this speculation was started because the CAA appeard to charter several aircraft to cover Monarch flights, if Monarch want to put this to bed they need to explain why this happened and why those flights have been subsequently cancelled. I hope more than most there is no truth in these rumours but somebody is not telling the truth!
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Old 26th Sep 2016, 09:53
  #3266 (permalink)  
 
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This could all become a self fulfilling prophecy and the CAA would not be blameless. What were they thinking of when chartering a load of wide bodies for repatriation when (presumably) urgent and critical financing discussions were taking place? Having unusual aircraft sitting on the ground is going to fuel speculation - and it has. On a separate but related matter - is there no surplus capacity in Europe at the moment which would not need lengthy lead times and positioning?
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Old 26th Sep 2016, 09:56
  #3267 (permalink)  
 
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Originally Posted by Hudson Bay View Post
J2 enters BHX and London Market, J2 takes over Monarch hangar, Monarch orders Boeings, J2 orders Boeings, J2 requires 200 plus pilots over next 12 months, Owner of Monarch wants rid, J2 in proper expansion mode, Ts & Cs at Monarch now similar to J2 following reorganisation, no further Fleet transfers at J2. Go figure.
So, following your logic, and having gone and figured, J2 acquires Monarch - no need for repatriation - the business can be kept as a going concern
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Old 26th Sep 2016, 09:57
  #3268 (permalink)  
 
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Monarch said they would continue to operate their flights. They have done.
Why were those aircraft chartered? Who knows.

"Somebody not telling the truth" is misleading in my opinion. Not having all the facts is the issue and that's what causes all the speculation.
teamilk&sugar is offline  
Old 26th Sep 2016, 09:59
  #3269 (permalink)  
 
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It is hardly rumouring or scaremongering when extra aircraft actually arrive and flight plans put in for the next few days... it is fact.
And those facts tell us almost nothing. Everything else is rumour and speculation.
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Old 26th Sep 2016, 10:03
  #3270 (permalink)  
 
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Trouble is the modern, connected world you can't go around as we did 30 years ago

Then a new financing package would have been put in place and a (relativaly) orderly process of informing the outside world would swing into place (while those in the know had already made their fortunes by trading ahead of the news of course)

These days everything you do is everywhere in seconds and all it takes is for someone to say to a mate "keep an eye on Monacrh" and the brown stuff is all over everyone............
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Old 26th Sep 2016, 10:06
  #3271 (permalink)  
 
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Originally Posted by Copenhagen View Post
The UAL 744!is still heading towards TFS at 35k feet and 507 knots
Only doing 501 kts now. Maybe they've slowed down on company orders because the crisis is abating?

My point here is that clearly something is happening but nobody here knows what. Do they? Really?

So into the information vacuum steps speculation and a fair bit of vitriol, schadenfeude and stupidity.

Particularly offensive are the comments alluding to the glee supposedly being shown by those working for competitors. Yep, as a pilot for a direct competitor I think it would be fab if MON went belly up as it would really secure my position. Dog eat dog and all that.

Oh, hang on.....

Consumer confidence in IT holidays / non flag carriers damaged.
Next round of negotiations on anything Ts&Cs "well, we need to cut this, that and the other, look at what happened to MON" (I sit in negotiations like that frequently).
And so on, you get the idea or at least the slack handful of those here with any real experience of working in UK charter aviation do.

But most importantly, hundreds of people are now in real fear for their futures, some of whom are flying aircraft as we speak which is probably "sub optimum" as the accountants would term it. I don't know about anyone else but aviation being the small world it is, UK charter even more so, I'd wager that many will know people at MON from training, bar chat, the village boozer etc and not one will be rooting for losing MON from the field.

Please, stop with the vilification, take the dog for a walk or something and wait for the dust to settle.
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Old 26th Sep 2016, 10:11
  #3272 (permalink)  
 
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I wonder how some of the posters on this thread, e.g. Skipness One Echo and Heathrow Harry, would enjoy people posting mere rumours on PPRuNe about the imminent demise of their employers...
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Old 26th Sep 2016, 10:13
  #3273 (permalink)  
 
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Originally Posted by teamilk&sugar View Post
Monarch said they would continue to operate their flights. They have done.
Why were those aircraft chartered? Who knows.

"Somebody not telling the truth" is misleading in my opinion. Not having all the facts is the issue and that's what causes all the speculation.
Then Monarch need to provide the facts, as you say "not having the facts" is fueling the speculation, Monarch are the only ones able to provide claritity and failure to do so will only relsult in further speculation. Are you seriously telling me they don't know why those flights were chartered? I have spent the last 4 years working for Monarch so am more invested in this than anyone and refuse to take abuse from people. But I have said in previous posts it is far from a stable airline, we have been told constantly this year how bad things have been, further cost cutting, spending freezes, consultants being drafted in, high level managers leaving this 40 million pound profit is completely new news. Unfortunately I do believe there was some level of thruth to these rumours how much, who knows. But having worked for XL in the past and a survivor of Monarch's last bankruptcy I think we need answers and quickly!
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Old 26th Sep 2016, 10:17
  #3274 (permalink)  
 
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Given that there seems to be clear evidence that the charters that started the rumour mill were booked by the CAA, I would have thought that some responsibility lies with them to clarify matters. If it was nothing to do with Monarch then they should say so and quickly; if it was, but the matter has been resolved, then they should say so jointly with Monarch. Saying nothing just drags the rumour mill on, to the potential detriment of thousands of customers and employees of Monarch.
Curious Pax is online now  
Old 26th Sep 2016, 10:18
  #3275 (permalink)  
 
Join Date: Feb 2001
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Jerry Scott, a Business Live reader, has landed at Manchester airport on another airline. He says staff on his flight told him:
I really hope we're not going to witness the first case of an airline tipped over the edge by a combination of "Galley FM" and social media.......
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Old 26th Sep 2016, 10:30
  #3276 (permalink)  
 
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Because the CAA arranged these rescue flights and the info leaked out on social media BEFORE the airline is actually declared bankrupt and could have been given more time, they are now in an even more precarious position?
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Old 26th Sep 2016, 10:34
  #3277 (permalink)  
 
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Anybody know how long the ATOL bond of 5mil as stated lasts .Is it 12 months?
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Old 26th Sep 2016, 10:36
  #3278 (permalink)  
 
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I think the relevant bond is ATOL.
brakedwell is online now  
Old 26th Sep 2016, 10:36
  #3279 (permalink)  
 
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Ref the UAL flight going to TFS

Yeoman wrote
Only doing 501 kts now. Maybe they've slowed down on company orders because the crisis is abating?
Perhaps this chart might give you a big clue as to why the aircraft's ground speed has reduced.

Jetstream Forecast - Jetstream Map Updated Four Times Daily - Netweather.tv
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Old 26th Sep 2016, 10:37
  #3280 (permalink)  
 
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Yeah sorry just changed it!
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