Monarch - 3
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The point is not whether it was true to not , The point is The obvious delight some appeared to have at the prospect of people losing their jobs that saddens me ,There are some very sick people about im afraid
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The point is The obvious delight some appeared to have at the prospect of people losing their jobs
Nobody is delighting in the financial difficulties of an airline with the implication of job losses and misery for those affected. However, there appears to be some trigger happy responses with associated accusations of taking pleasure in the demise of an airline whereas I have detected none of the sort. However, I was operationally in PMI on Sunday and there sat a UAL Boeing 747 - not something that you see very often in the Balearic airports. It would be very naive to think particularly in the electronic age that this would go without notice and curiosity. Regardless of the shenanigans going on at executive level within Monarch, I also have friends there and I very much hope for a happy outcome for the crew and employees. The execs? Well they always come out with a barrel of cash in our brave new world don't they?
Last edited by olster; 27th Sep 2016 at 11:24. Reason: grammar!
Just for info one of the United 747s is still parked up in Palma. I find it hard to believe that someone ferried it over the Atlantic just in case Monarch went bust. But that was the rumour on here and I can confirm that it has been there the last couple of days parked up next to the link. Still there are worse places for the United crew to be than a few days in the Son Vida or somewhere similar. But maybe it is just coincidence and it is there for cruise passengers, which is what I thought when I first saw it.
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BUSINESS AS USUAL TODAY:
The very good news is that the CAA have obviously re-licensed Monarch for the future, which will be based on concrete assurances and bonds from Greybull to guarantee the airline's future operations and holidays. Evidently Greybull lacked previous experience of dealing with the CAA, who have laws and regulations to adhere to and make no favours to anyone, big or small. Greybull must have upset the CAA last week to the extent that discrete plans were put in place to repatriate Monarch’s customers overseas and most probably even British Consulates abroad would have been requested to stand by to assist. Keen spotters noticed the widebodies coming from the USA and other charters and the discrete planning came to be made public. Greybull will certainly not make the same mistake again, as, without doubt, the costs of the chartered repatriation aircraft will be recharged to them.
And yes, the very good news is that Greybull have guaranteed the ongoing operations at Monarch and the CAA would only accept such promises unless they are backed by bankers’ bonds.
The very good news is that the CAA have obviously re-licensed Monarch for the future, which will be based on concrete assurances and bonds from Greybull to guarantee the airline's future operations and holidays. Evidently Greybull lacked previous experience of dealing with the CAA, who have laws and regulations to adhere to and make no favours to anyone, big or small. Greybull must have upset the CAA last week to the extent that discrete plans were put in place to repatriate Monarch’s customers overseas and most probably even British Consulates abroad would have been requested to stand by to assist. Keen spotters noticed the widebodies coming from the USA and other charters and the discrete planning came to be made public. Greybull will certainly not make the same mistake again, as, without doubt, the costs of the chartered repatriation aircraft will be recharged to them.
And yes, the very good news is that Greybull have guaranteed the ongoing operations at Monarch and the CAA would only accept such promises unless they are backed by bankers’ bonds.
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...or maybe not so discrete plans given the very public nature of the aircraft appearances?
If Greybull are having to pay for this presumably the EBITDAR just took another £2m or so hit? Add that to bookings lost and it will have proven an expensive learning opportunity. Surely they have advisors for how to do business with CAA?
If Greybull are having to pay for this presumably the EBITDAR just took another £2m or so hit? Add that to bookings lost and it will have proven an expensive learning opportunity. Surely they have advisors for how to do business with CAA?
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All still in place around Europe at the minute, United 744's, 3 Omni Airs and a Miami Air 737. Dont think the Air Transat ever turned up. Sure they'll be heading home soon.
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I too have followed the thread and have been in similar situations in my past. The primary point that is irrefutable is that Monarch have been debt laden for many years and as one threader aptly highlighted cash injections are merely stopgaps. There transition between loco and schedule (or vice versa) has been difficult and seemingly to many of us in the industry 'confusing', I hope like many as well as cash they will appoint senior people to get a good airline back on track and in the near future effective and profitable.
If financial targets are not achieved quickly there future does not look sustainable. Despite some negative comments I believe that contributors are saying it as they see it and it is irrelevant what we think to the good hard working Monarch staff. I wish them well and hope this awful situation is resolved.
If financial targets are not achieved quickly there future does not look sustainable. Despite some negative comments I believe that contributors are saying it as they see it and it is irrelevant what we think to the good hard working Monarch staff. I wish them well and hope this awful situation is resolved.
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BUSINESS AS USUAL TODAY:
The very good news is that the CAA have obviously re-licensed Monarch for the future, which will be based on concrete assurances and bonds from Greybull to guarantee the airline's future operations and holidays. Evidently Greybull lacked previous experience of dealing with the CAA, who have laws and regulations to adhere to and make no favours to anyone, big or small. Greybull must have upset the CAA last week to the extent that discrete plans were put in place to repatriate Monarch’s customers overseas and most probably even British Consulates abroad would have been requested to stand by to assist. Keen spotters noticed the widebodies coming from the USA and other charters and the discrete planning came to be made public. Greybull will certainly not make the same mistake again, as, without doubt, the costs of the chartered repatriation aircraft will be recharged to them.
And yes, the very good news is that Greybull have guaranteed the ongoing operations at Monarch and the CAA would only accept such promises unless they are backed by bankers’ bonds.
The very good news is that the CAA have obviously re-licensed Monarch for the future, which will be based on concrete assurances and bonds from Greybull to guarantee the airline's future operations and holidays. Evidently Greybull lacked previous experience of dealing with the CAA, who have laws and regulations to adhere to and make no favours to anyone, big or small. Greybull must have upset the CAA last week to the extent that discrete plans were put in place to repatriate Monarch’s customers overseas and most probably even British Consulates abroad would have been requested to stand by to assist. Keen spotters noticed the widebodies coming from the USA and other charters and the discrete planning came to be made public. Greybull will certainly not make the same mistake again, as, without doubt, the costs of the chartered repatriation aircraft will be recharged to them.
And yes, the very good news is that Greybull have guaranteed the ongoing operations at Monarch and the CAA would only accept such promises unless they are backed by bankers’ bonds.
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For whatever reason, 330 C-GTSR arrived in Malaga on Monday morning and is still there. The 2 Uniteds are still in Palma and Tenerife respectively.
While the new cash injection is reported to be lined up, it isn't clear (to me) whether the new bond due on Friday has actually been renewed, or whether Monarch have just said it is sorted, and the CAA are holding fire to see whether it all comes through? I suspect the latter, which would explain why the rescue fleet hasn't gone home.
Hopefully the bankers/investors will pull their fingers out and get it properly sorted quickly so that those at the coalface can get on without this hanging over them.
While the new cash injection is reported to be lined up, it isn't clear (to me) whether the new bond due on Friday has actually been renewed, or whether Monarch have just said it is sorted, and the CAA are holding fire to see whether it all comes through? I suspect the latter, which would explain why the rescue fleet hasn't gone home.
Hopefully the bankers/investors will pull their fingers out and get it properly sorted quickly so that those at the coalface can get on without this hanging over them.
While the new cash injection is reported to be lined up, it isn't clear (to me) whether the new bond due on Friday has actually been renewed, or whether Monarch have just said it is sorted, and the CAA are holding fire to see whether it all comes through? I suspect the latter, which would explain why the rescue fleet hasn't gone home.
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Is there a press release confirming the above? I haven't noticed one to date.
If you have ever had an dealings with the CAA for licensing or repatriation, you would know that my comments are reasonably accurate
The primary point that is irrefutable is that Monarch have been debt laden for many years and as one threader aptly highlighted cash injections are merely stopgaps. Their transition between loco and schedule (or vice versa) has been difficult and seemingly to many of us in the industry 'confusing', I hope like many as well as cash they will appoint senior people to get a good airline back on track and in the near future effective and profitable.
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That plane appears to have flown to Manchester, followed by return flights Manchester-Malaga currently scheduled:
https://www.flightradar24.com/reg/n116ua
https://www.flightradar24.com/reg/n116ua
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Taken from the BBC News - Business Live Blog:
Monarch's Atol licence set to expire on Friday
Posted at 16:11
Monarch must renew its operating licence this week to continue selling package holidays, the Civil Aviation Authority said.
The company has been hit by rumours that it is in trouble, which have been denied by the firm. But the CCA warned that Monarch's Atol licence expires on Friday and if it is not renewed it will be unable to sell package holidays.
The government-backed Atol scheme, compensates travellers and ensures they are not stranded if a holiday company collapses.
However anyone already booked to travel will be protected as the scheme applies on the booking date, not the travelling date.
Monarch's Atol licence set to expire on Friday
Posted at 16:11
Monarch must renew its operating licence this week to continue selling package holidays, the Civil Aviation Authority said.
The company has been hit by rumours that it is in trouble, which have been denied by the firm. But the CCA warned that Monarch's Atol licence expires on Friday and if it is not renewed it will be unable to sell package holidays.
The government-backed Atol scheme, compensates travellers and ensures they are not stranded if a holiday company collapses.
However anyone already booked to travel will be protected as the scheme applies on the booking date, not the travelling date.