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Monarch - 3

Old 26th Sep 2016, 09:29
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Monarch statement:

Response to speculation about Monarch | Monarch Blog
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Old 26th Sep 2016, 09:29
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All flights operating as normal.
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Old 26th Sep 2016, 09:30
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Monarch Airlines strongly denies rumours it's in financial trouble after social media speculation - pprune?
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Old 26th Sep 2016, 09:32
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UA 2295 is still according to planefinder heading towards TFS(2 mins ago)??
I too saw that. However, Planefinder's data ia supplied (at this time) by the FAA so is delayed. FR24 is showing a new course of 40deg. 5 minutes ago it apparently on a heading of 145. Meanwhile, Monarch's flight ZB932 from BHX is on the verge of arriving at TFS.
Update: FR24 now shows a heading of 103! Pointing vaguely at TFS.
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Old 26th Sep 2016, 09:34
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And as for the coup d'etat, now we are entering fantasy land.
Shame some people can't appreciate irony
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Old 26th Sep 2016, 09:37
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But do Monarch actually have any flights to/from Greece or Cyprus on Mondays at this time of year? Since you bring up Greece, Athens (Piraeus) is one of the biggest cruise ports in the whole Mediterranean. No planes seem to have been mobilised to lift the hypothetical stranded cruise passengers from there. On the other hand, Athens isn't one of Monarch's destinations, so maybe that's the reason.
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Old 26th Sep 2016, 09:38
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Originally Posted by KelvinD
I too saw that. However, Planefinder's data ia supplied (at this time) by the FAA so is delayed. FR24 is showing a new course of 40deg. 5 minutes ago it apparently on a heading of 145. Meanwhile, Monarch's flight ZB932 from BHX is on the verge of arriving at TFS.
Update: FR24 now shows a heading of 103! Pointing vaguely at TFS.
Weather deviation?
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Old 26th Sep 2016, 09:38
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The UAL 744!is still heading towards TFS at 35k feet and 507 knots
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Old 26th Sep 2016, 09:39
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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
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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
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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
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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
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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
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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
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Originally Posted by Hudson Bay
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
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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.
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Old 26th Sep 2016, 09:59
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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
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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
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Originally Posted by Copenhagen
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
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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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