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Monarch - 3

Old 6th Oct 2016, 22:28
  #3781 (permalink)  
 
Join Date: Feb 2012
Location: Down Sarf
Age: 44
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Big investment from a non EU country by all accounts, Bound to be a little involved ,Good luck to them , Could well be a game changer for them
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Old 6th Oct 2016, 23:07
  #3782 (permalink)  
 
Join Date: Sep 2008
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Of the 12 day reprieve, 6 of those days have now passed. Furthermore, accountants, lawyers, bankers and the whole corporate infrastructure functions at weekends only in a limited fashion and if someone somewhere is paying big bucks. That means there are just 4 fully usable days to pull a deal together and get everyone to sign on the dotted line. I really hope this does come together (disclaimer - I will lose financially if Monarch don't make it through to 2017) but time is now running short.

Last edited by davidjohnson6; 6th Oct 2016 at 23:43.
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Old 6th Oct 2016, 23:47
  #3783 (permalink)  
 
Join Date: Aug 2014
Location: BHX
Posts: 305
HNA if the rumours are true .
If they are really investing in them cash flow should not be a issue thats for sure.
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Old 7th Oct 2016, 00:03
  #3784 (permalink)  
 
Join Date: Aug 2014
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There is no way the CAA would have granted a extension unless they were very confident of investement coming in IMHO

Its a done deal .
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Old 7th Oct 2016, 00:31
  #3785 (permalink)  
 
Join Date: Sep 2008
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Brigantee - it *should* all come together, but until the relevant investors sign on the line and money is moved in the banking system, it's all theoretical.

If Monarch have even the slightest common sense, they will be shouting to the rooftops that a deal has been done, money injected into the company, press will report it, consumer confidence in Monarch will return and money form ticket sales will start flooding into the company again. The fact that after 6 days nothing has been mentioned in the press tells me that people involved haven't yet signed on the line or money has not been moved in the banking system.

Verbal assurances sound nice but when push comes to shove those verbal assurances usually count for nothing.
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Old 7th Oct 2016, 09:00
  #3786 (permalink)  
 
Join Date: Aug 2014
Location: BHX
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On the contrary perhaps monarch are being very sensible not shouting anything from the rooftops until its a one hundred percent cast iron done deal and until thats the case i would not expect to hear anything

Doubtless they are very aware of the impact uncertainty has on the market and are moving as fast as they can in what is likely to be be a very complex undertaking
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Old 7th Oct 2016, 10:28
  #3787 (permalink)  
 
Join Date: Jan 2000
Posts: 639
I think most of us are bullish that Monarch will get this done. No one's surprised it hasn't been done yet - it's just part and parcel of the shambles that is the monarch board.
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Old 7th Oct 2016, 11:17
  #3788 (permalink)  
 
Join Date: Aug 2014
Location: BHX
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I think fans there must be good reasons why this is taking so i long to coclude I think without the full facts of this whole episode and none of us are privvy to those at present its maybe a bit unfair to judge

Once things are out in the public domain for better or worse then conclusions may be more fairly drawn ..Just my take on it all
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Old 7th Oct 2016, 11:53
  #3789 (permalink)  
 
Join Date: Jan 2000
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I'm sure there are many reasons why it's taking so long.

None of which help the customers and employees a bit.

On a positive, there will presumably be a completion bonus payable to all staff with this huge and unprecedented investment, which reflects their importance to the business and is a small apology for the horrific time they have been through.
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Old 7th Oct 2016, 12:16
  #3790 (permalink)  
 
Join Date: Aug 2014
Location: BHX
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If its a positive outcome in the end it may well prove in the long term to have been worth it to both customers and staff...lets hope so
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Old 7th Oct 2016, 12:20
  #3791 (permalink)  
 
Join Date: Apr 2010
Location: London
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In deals like this the lawyers drag things out until the last minute finding more more obscure issues (and charges) and the finance guys hold on to try and extort an even better deal from the victim

Unfortunately sometimes it DOESN'T all come together at the last moment............
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Old 7th Oct 2016, 12:40
  #3792 (permalink)  
 
Join Date: Feb 2001
Location: Denmark
Posts: 385
The GBP:USD means a foreign investment in ZB is cheaper today than yesterday, but will also seriously spook foreign investors. GBP fluctuations are making the Zimbabwean dollar look like a safe haven.

The sterling devaluation also killed EZY profits, which demonstrates how brexit uncertainty has impacted UK airlines.
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Old 7th Oct 2016, 12:49
  #3793 (permalink)  
 
Join Date: Jun 2015
Location: Soon to be out of the EU.
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They still made close to a half billion in profits which ain't all that bad. It's the share price and compaitave cheapness of buying the airline in which is the risk to eJ right now.
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Old 7th Oct 2016, 13:30
  #3794 (permalink)  
 
Join Date: Aug 2014
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Half a billion? Thought it was around 40 million
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Old 7th Oct 2016, 14:29
  #3795 (permalink)  
 
Join Date: Jan 2007
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Yes 40 million profit but no taxes are previous years loss rolled forward.

Fingers crossed it will all be announced early next week.
nigel osborne is offline  
Old 7th Oct 2016, 15:03
  #3796 (permalink)  
 
Join Date: Jun 2003
Location: UK
Posts: 2,385
Originally Posted by Copenhagen
The sterling devaluation also killed EZY profits,
Originally Posted by HeartyMeatballs
They still made close to a half billion in profits
Originally Posted by Brigantee
Half a billion? Thought it was around 40 million
Estimated 490m to 495m.

https://www.theguardian.com/business...rdinary-events

Though you may be confusing Monarch and eJ at this point.
HundredPercentPlease is online now  
Old 7th Oct 2016, 18:37
  #3797 (permalink)  
 
Join Date: Oct 2003
Location: UK
Posts: 34
HH, You've previously said that you wouldn't like Monarch to go bust. It certainly doesn't sound like it, or it at least it sounds like you'd enjoy it to play out like some knife-edge, high tension drama. Hundreds and hundreds of people's livelihoods are tied up in all this and everyone is aware what could possibly happen. So why don't you just get a life, stop the doom and gloom speculation and wait and see what happens.
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Old 7th Oct 2016, 18:58
  #3798 (permalink)  
 
Join Date: Feb 2001
Location: gate 67 JFK
Posts: 690
Brexit is no doubt a factor in easyJets reduced profitability, but not the whole story by a long way, they have also lost load factor, LGW delays, French ATC, Sharm the list goes on add terror attacks in France, Turkey and boat people in the Greek Islands, pick what every you like, having said that these issues affect many airlines, meanwhile Ryanair and Norwegian are showing volume growth and increased load factor.

EasyJets cost base is I suspect higher than either of the above
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Old 7th Oct 2016, 19:24
  #3799 (permalink)  
 
Join Date: Aug 2004
Location: Hemel Hempstead
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Ryanair and Norwegian are less dependant on the pound (Ryanair and Norwegian NOK/), with Monarch and easyJet more pound based (hence why it is likely to hit them more).

The current devolution of the pound has highlighted the need to keeps costs down and that will be a challenge for whoever takes over Monarch.
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Old 7th Oct 2016, 20:27
  #3800 (permalink)  
 
Join Date: Jul 2003
Location: Under the flight path
Posts: 2,365
Monarch are dependent on the because most of their pax pay in yet some of their costs are in dollars (Fuel) or Euros (handling, nav charges, etc).
EasyJet on the other hand have a huge euro revenue, so are less exposed to sterling weakness.
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