Monarch - 3
Join Date: Jun 2000
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0614 today:
A spokesman for Monarch said: "Over the weekend, there has been negative speculation about Monarch's financial health. Our flights are operating as normal, carrying Monarch passengers as scheduled. To weather tougher market conditions and to fund its ongoing growth, Monarch expects to announce a significant investment from its stakeholders in the coming days."
A spokesman for Monarch said: "Over the weekend, there has been negative speculation about Monarch's financial health. Our flights are operating as normal, carrying Monarch passengers as scheduled. To weather tougher market conditions and to fund its ongoing growth, Monarch expects to announce a significant investment from its stakeholders in the coming days."
Join Date: Mar 2004
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Monarch expects to announce a significant investment from its stakeholders in the coming days
Monarch airlines denies rumours of financial crisis | Daily Mail Online
Monarch airlines denies rumours of financial crisis | Daily Mail Online
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If correct, that statement means there is a funding requirement and so Monarch's Twitter account that spoke of being unsure where these rumours emerged from and Confirming they are not true, could be considered stretching matters.
The other small matter is that as at now, they don't have the funds.
The other small matter is that as at now, they don't have the funds.
Monarch flights 932 and 982 have departed BHX on schedule. All this talk of them going into admin is not doing much for future bookings for the airline, therefore putting it in jeopardy.
Think of the employees folks.
Think of the employees folks.
Join Date: Oct 2001
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Well said Aluminium Shuffler. I fail to understand anyone who takes pleasure in another persons misfortune. The airline industry is tenuous enough without such irresponsible behaviour. As an ex employee of Monarch and a person who still has members of my family employed with them, I wish them all the very best for the future.
Temps.
Temps.
Join Date: Jul 2013
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Are the charters still hanging about?
Wonder if a CAA charter order is enough to persuade the bank for some extra days of solvency?
If so, for the gov it's a no lose as it gives time to save the airline - and in the event it goes wrong then the planes to get people home are already there and paid for during the adminstration phase.
My best guess.
Wonder if a CAA charter order is enough to persuade the bank for some extra days of solvency?
If so, for the gov it's a no lose as it gives time to save the airline - and in the event it goes wrong then the planes to get people home are already there and paid for during the adminstration phase.
My best guess.
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I thought this was just a rumour until that statement came out.
It would take greybull very little time - and certainly not days - to put the funding in. Of course, that assumes they think it's worthwhile investing new money.
Releasing press statements that state we do have a problem and not yet a solution is adding to the flames.
It would take greybull very little time - and certainly not days - to put the funding in. Of course, that assumes they think it's worthwhile investing new money.
Releasing press statements that state we do have a problem and not yet a solution is adding to the flames.
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Looks to me like one big over reaction and certainly undermindes the airline if so ! Pulling 747s out of service to sit on tarmac in Europe will not come cheap either.
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With all these rumours in circulation and the U.K. Media covering the story, why have they not pulled Andrew Swaffield (CEO) into play? Would it not make sense to have him on TV/Radio to deny and squash the rumours? His words might play stronger than those of the FaceBook/Twitter person at ZB or a press release.
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There is no doubt that the CAA have put wide bodies on standby across Europe in case MON were unable to continue trading.....obviously a deal has been done or is being done which keeps the CAA happy with regard to MON continuing. Let's hope MON now has a great opportunity to build going forward for the sake of all who work there.
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There is no doubt that the CAA have put wide bodies on standby across Europe in case MON were unable to continue trading.....obviously a deal has been done or is being done which keeps the CAA happy with regard to MON continuing. Let's hope MON now has a great opportunity to build going forward for the sake of all who work there.