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Monarch - 3

Old 9th Oct 2016, 15:08
  #3821 (permalink)  
 
Join Date: Aug 2014
Location: BHX
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Sorry ive upset you , However bizzare to me sums up the whole episode , And i guess as this is a rumour website then its going to be rife with rumour .....

Not noticed much pontificating occuring TBH more like people simply expressing their view on the matter in a fairly level and reasoned manner
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Old 9th Oct 2016, 15:25
  #3822 (permalink)  
 
Join Date: Oct 2015
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It`s not bizarre knowing what can happen in business or not even, have seen the what can happen
recently to 2 companies that have been turned upside down and if we knew the real story
we would just keep quiet because it will be settled when it can be.
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Old 11th Oct 2016, 13:29
  #3823 (permalink)  
 
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Interesting if Boeing are the main source of funds!
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Old 11th Oct 2016, 14:53
  #3824 (permalink)  
 
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Could someone who knows about these matters please explain what boeing are actually doing to give monarch new funding ? i'm afraid how aircraft are bought is something i know zilch about
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Old 11th Oct 2016, 16:11
  #3825 (permalink)  
 
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If a 3rd party leasing company took over the order with the intention of leasing the aircraft back to Monarch, Boeing could return the aircraft deposits to Monarch.
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Old 11th Oct 2016, 16:15
  #3826 (permalink)  
 
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Supplier financing is a creative solution. I suppose what is Boeing's/finance house's downside - if the company goes bust, it's got the aircraft.

It can't be cheap money though, otherwise other airlines may throw their toys out.
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Old 11th Oct 2016, 18:24
  #3827 (permalink)  
 
Join Date: Oct 2008
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I believe this type of arrangement is used by other UK airlines like Easyjet and Ryanair. Great for building up cash reserves to ride out the winter and possible downturns.
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Old 11th Oct 2016, 18:31
  #3828 (permalink)  
 
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Could someone who knows about these matters please explain what boeing are actually doing to give monarch new funding ? i'm afraid how aircraft are bought is something i know zilch about
According to a post in another forum, Boeing is not actually the financier of the 737's for Monarch, they suggested the assistance they are likely to be offering is:

- Flexibility on the aircraft deliveries, by delaying them without financial penalties.
- Possibly improved payment terms, there the airline can pay for each aircraft on delivery instead of a huge payment up-front.

The person writing this in the other forum suggested, by the airline having more flexible terms to take the aircraft, could improve the airlines cash balance, on how much is in the bank at anyone time.

Seems to make a lot of sense.
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Old 11th Oct 2016, 19:27
  #3829 (permalink)  
 
Join Date: Feb 2001
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Well reading the various press reports it beggars belief that this is going to the wire, but at least no news of 747's flying all over Europe to pre position which i guess must be positive.

Fingers crossed we don't wake up to bad news...
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Old 11th Oct 2016, 19:57
  #3830 (permalink)  
 
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Reading the email sent to staff its clear id say they have no choice in the matter for whatever reason

As you say no rescue flights arranged so the CAA must expect everything to be sorted albeit at the death
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Old 11th Oct 2016, 20:24
  #3831 (permalink)  
 
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As Monarch aren't a quoted business on the stock exchange there's no reason why they should say anything, very possibly the deal has already been done and they've got a press release all lined up for tomorrow.

Mind you if I were them I'd be shouting about any deal from the rooftops to encourage any wavering customers to book their seats tut-suite.
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Old 11th Oct 2016, 20:41
  #3832 (permalink)  
 
Join Date: Oct 2008
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Oh boy you lot really love a good melodrama!

'Down to the wire', 'at the death'!! Yawn!!!!

Tomorrow has been prearranged as 'the date'.

To those not in the know and without experience of such matters, it all appears very lastminute.com.

Tomorrow will reveal all!
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Old 11th Oct 2016, 20:46
  #3833 (permalink)  
 
Join Date: May 2016
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Ummm isn't lastminute.com (aside from a business) just another way of saying "Down to the wire" and "at the death?
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Old 11th Oct 2016, 20:55
  #3834 (permalink)  
 
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Like I said, it appears very last minute but in actuality this date has been prearranged between all the parties. The CAA I would bet are fully in the loop.

It's not last minute to those in the know!
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Old 11th Oct 2016, 21:02
  #3835 (permalink)  
 
Join Date: May 2016
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AFAIA it's more a deadline than a prearranged date.
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Old 12th Oct 2016, 07:30
  #3836 (permalink)  
 
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BBC Reporting a 165m investment from Greybull. Good news for all at MON; tough times recently.

And, in their own words: http://blog.monarch.co.uk/165-millio...nt-in-monarch/

Last edited by Junta Leader; 12th Oct 2016 at 07:31. Reason: Adding link
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Old 12th Oct 2016, 07:30
  #3837 (permalink)  
 
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165 million investment in Monarch - Monarch Blog
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Old 12th Oct 2016, 08:14
  #3838 (permalink)  
 
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Greybull announce 165m of fresh financing Monarch airline wins 165m investment from Greybull - BBC News
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Old 12th Oct 2016, 08:31
  #3839 (permalink)  
 
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Originally Posted by Junta Leader View Post
BBC Reporting a 165m investment from Greybull. Good news for all at MON; tough times recently.

And, in their own words: 165 million investment in Monarch - Monarch Blog
Good news indeed. Let's hope all at MON can now begin to move forward positively and overcome the damage that must've been done to their reputation in recent weeks especially.

MON is a fantastic brand and I hope this investment allows it to move forward and figure out where and how it can thrive
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Old 12th Oct 2016, 08:31
  #3840 (permalink)  
 
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Looks good!

Beeb:-
UK airline Monarch has settled worries over its future by agreeing a 165m investment from Greybull Capital.

The fresh financing has allowed the airline to renew its membership of the Air Travel Organisers' Licensing (Atol) scheme - the scheme that refunds customers if a travel firm collapses. It also means the airline can invest in new aircraft.

Greybull Capital is Monarch's majority shareholder and is also known for its investment in Scunthorpe's steelworks. It bought a majority stake in Monarch in 2014, with a reported investment of 125m.

"It is testament to the extensive effort by all parties, over the past weeks and months, that we are able to announce the largest investment in our 48-year history, as well as the renewal of our Atol licences," said Andrew Swaffield, chief executive of the Monarch Group.

In October 2014, Monarch announced an order for 30 of the latest Boeing 737 jets, with an option to buy 15 more. It expects to take delivery of the first of those in 2018.

After three weeks of drama, Monarch lives to fly another day. How long the holiday airline retains its independence, however, remains open to question. This morning's bailout - there is no detail on what form the extra 165m from owners Greybull Capital will take - is enough to satisfy the Civil Aviation Authority, but will not remove doubts about its long-term prospects. The airline's strength in flights to the western Mediterranean, Egypt and North Africa has become its Achilles' heel as terror attacks have dented demand to those destinations. On top of those short-term trading challenges, Monarch remains caught between the big low-cost airlines EasyJet and Ryanair, and the in-house airlines owned by the big tour operators including Tui and Thomas Cook.

Securing the company's future will require to find a profitable niche that it can defend from both those types of voracious competitors. The alternative may be a merger with a rival.
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