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Monarch - 3

Old 2nd Oct 2016, 18:03
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Great to hear that Alastair Campbell and Blair are back in work, and found a well suited home.
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Old 2nd Oct 2016, 18:22
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I never worked for the Spotty M but did work for Airtours International in the early days of ETOPS when Monarch did our training. I remember a damned good British airline with very high operating standards.

Very glad to hear that have a secure future.
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Old 2nd Oct 2016, 19:04
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MonarchOrBust...the 787s were very late in being delivered. Remember that Monarch ordered for delivery in 2010 and cancelled the order at the end of 2011. The 737 orders weren't until Oct 2014...just a few facts amongst the bullsh*t
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Old 2nd Oct 2016, 21:08
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So you are saying that a nearly two year delay in the delivery of your order doesn't earn you some financial penalty/goodwill from the manufacturer?
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Old 2nd Oct 2016, 21:12
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So you are saying that a nearly two year delay in the delivery of your order doesn't earn you some financial penalty/goodwill from the manufacturer?
Thomson got some upgraded seats in the PE cabin, which they later removed because of the numerous complaints about them
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Old 2nd Oct 2016, 21:30
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More fool them then ...However I find that very hard to believe.
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Old 2nd Oct 2016, 21:32
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Well next time it might be an idea to get the negotiating team to put penalty clauses in the contract if your jets are gonna be two years late.
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Old 2nd Oct 2016, 21:57
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Given that some seem to consider monarch a basket case , Whats the view on the fact (if its true ) that a hugely successful group such as HNA are willing to invest in them ?

Whats in it for them ? Im no expert on the aviation business so forgive me if im missing the obvious.
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Old 3rd Oct 2016, 05:23
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I don't think it's fundamentally a basket case - it's a 40m ebitda business, with wrong capital structure and woefully managed as the last few weeks have shown.
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Old 3rd Oct 2016, 11:03
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Seems small fry for a huge outfit like HNA to get involved in really could they use monarch as part of some grander plan?
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Old 3rd Oct 2016, 11:55
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they're still waiting for the money to turn up ..........
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Old 3rd Oct 2016, 13:52
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FANS has got it right....
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Old 3rd Oct 2016, 14:00
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Bringantee

The investor is supposedly the Chinese said the previous Monarch CEO on TV the other day so probably is the HNA group.

Like you I am at a loss to think why HNA would want to invest in an airline abroad with just 30 short haul planes which has had 3 bail outs in less than 3 years.

If the announcement is that they are buying the planes and carrying on the Monarch model, then how does this turn out well.

They are just throwing money at exactly the same business model that has required 3 bailouts in less than 3 years.

We also have toalso factor in Jet 2. From next spring they bring 4 based planes to BHX and 6 to Stansted. That will eat further into the Monarch flights to many Med destinations in these areas for the first time.

So even more challenging.

I am hoping we can move out of this Stepford Wives weirdness and see some realism from the airline and investors.

Surely there will have to be a big change..a merger/ buy out otherwise what has changed its the same business model, and in 12 months time they will probably have the begging bowl out for yet another bail out.

Is this scenario not similar to Ehihad investing heavily in Air Berlin.That has failed so badly LH have had to step in and drastic cuts are planned for Air Berlin.

If anyone on here can explain how the likely current plan to buy more planes and carry on with the same business model if that is the plan,is going to work.

With the added issues of rising fuel and Jet 2 stepping into there markets far more in Birmingham and SE is going to transform Monarch fortunes please explain ?
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Old 3rd Oct 2016, 14:33
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If it is the HNA Group, expect changes to the Monarch business model. I'm not sure why some here keep banging on about what the investors see in Monarch. They obviously see some potential and perhaps expansion opportunity that most here have no clue about. Sadly it doesn't stop some folk mouthing off like they know stuff when in reality they don't!

I have good connections at Monarch but don't work there. The previous Swiss Italian owners were very shrewd business people. They were not billionaires for nothing and played the system to their advantage. I don't think they really cared about Monarch, it served a purpose which run its course by 2014. Greybull were never long term investors and will almost certainly make a profit on their "125 million" cash injection. There have been problems with certain Monarch management decisions but that applies to many companies in the UK. Not excusing it but it happens. I really do think there'll be changes to the modus operandi of the company. Time will reveal all.
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Old 3rd Oct 2016, 15:11
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I think monarchs a great airline and i wish them the very best , However my question was really what plans HNA may have for them , Maybe as they already own most of SR technics and other maintenance outfits the engineering side must be attractive as its very highly regarded and profitable i believe, so you can see oppotunities there to expand the business, but what about the flying side of things ?
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Old 3rd Oct 2016, 15:29
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One thing invaluable to MON will be the goodwill value of the brand. Ok its had some negative press the last few weeks but its recognised all over England and has a presence north to south. With the right management and strategy it will flourish. Its just a shame greybull haven't got a clue. MON has a huge amount of loyal customers that will stick with them as long as they exist, hence why the goodwill value of the brand will be so high
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Old 3rd Oct 2016, 15:46
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Very true they do have very loyal customer base who are no doubt very concerned they to start flying with the riff raff on jet 2 !
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Old 3rd Oct 2016, 16:23
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Brighter are you talking about J2 from personal experience
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Old 3rd Oct 2016, 16:45
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Sadly yes flown with them twice and both times had the misfotune to be seated in close proximity to large drunken groups of pikeys ...Im sure monarch also has problems with louts but ive never personally encountered that sort of behavour with them
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Old 3rd Oct 2016, 17:03
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brigante
you do seem to have a downer on jet2 and its passenger, but there was i thinking jet2s
policy re rowdy and drunken pax was very good
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