Monarch - 3
Join Date: Sep 1999
Location: The Deep South (Sussex)
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Having lost the odd pilot job in the UK IT business (Laker, Air Europe etc) I am now retired and have flown with Monarch several times in recent years.
I now fly with them by choice .They have an excellent product with a great set of cabin staff and I am keeping my fingers crossed for them.
Looking forward to travelling with them to Lanzagrotty next year.
I now fly with them by choice .They have an excellent product with a great set of cabin staff and I am keeping my fingers crossed for them.
Looking forward to travelling with them to Lanzagrotty next year.
Join Date: Jan 2006
Location: UK
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Re Government intervention. I too see no place for the government to intervene in the plight of Monarch. The reality of it is Monarch are of no strategic importance (agreed they do support a lot of high quality/skilled jobs) to the country. Should Monarch, or any airline operating in the leisure sector for that matter, cease trading the market has so many other players in it that the capacity would easily be absorbed. In fact an over supply of seats on most of Monarchs routes is looming. If I was a competitor I wouldn't be happy if they were to receive preferential treatment. Also where was the intervention with XL, Globespan, Baby
That said, delighted that Monarch live to fight another day. A great brand and a decent employer.
Perhaps the HNA deal will be tied in to the purchase of the 737s (in an asset management role), so they will not require a majority stake.
That said, delighted that Monarch live to fight another day. A great brand and a decent employer.
Perhaps the HNA deal will be tied in to the purchase of the 737s (in an asset management role), so they will not require a majority stake.
Join Date: Oct 2008
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Unless we are party to the negotiations, none of us here really know what's going on behind closed doors. There is little certainty in anything we say, it is merely conjecture and opinion, sometimes enlightened opinion!
Join Date: Feb 2001
Location: gate 67 JFK
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I think some people are trying to see things in this that don't exist, the UK Government won't get involved, they will be aware of course because potentially large scale redundancies require that they be aware, but beyond that no chance of interference in a private company.
The CAA have granted an extension because they are satisfied that the risk in two weeks is no greater than now and i would expect some form of bond will have been paid to allow this whilst work continues to find an investor.
Well I'm sure that having news about the 12 day extension on SKY news will do far more damage to future booking than all the tittle tattle on here, Facebook and Twitter.
The CAA have granted an extension because they are satisfied that the risk in two weeks is no greater than now and i would expect some form of bond will have been paid to allow this whilst work continues to find an investor.
Well I'm sure that having news about the 12 day extension on SKY news will do far more damage to future booking than all the tittle tattle on here, Facebook and Twitter.
Last edited by INKJET; 1st Oct 2016 at 12:18. Reason: SKY news item
Join Date: Aug 2014
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They need to get things sorted ASAP regarding the ATOL renewal , As it stands they have been thrown a lifeline , If they let it go to wire as they did yesterday again consumer confidence already damaged will be lost completely
Join Date: Oct 2008
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Brigantee
I think they are aware of this! I can't imagine they are deliberately dragging this out.
I have 2 good friends there so I have an interest plus if they do longhaul again, I would re-submit my application!
I think they are aware of this! I can't imagine they are deliberately dragging this out.
I have 2 good friends there so I have an interest plus if they do longhaul again, I would re-submit my application!
Join Date: Jun 2007
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For the jobs of all those involved I hope that all is good going forward, but to go to the 11th hour just for 12 days seems somewhat bizarre. I certainly hope it's not so the CAA can in 12 days turn around and say, we gave them a chance, so it's not our fault gov"
Good luck all involved.
I doubt the 10% stake the PPF has is relevant in any way.
This will not go down to the wire but be sorted shortly.
Why shouldn't the UK government get involved.
Thomas Cook was 'sorted' by the UK government
This will not go down to the wire but be sorted shortly.
Why shouldn't the UK government get involved.
Thomas Cook was 'sorted' by the UK government
Join Date: Aug 2002
Location: London (Babylon-on-Thames)
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Thomas Cook was nationalised???? Missed that one!
Why would a Chinese business be keen to lose money against FR/EZY/DY/LS taking white people to get a tan?
How are forward bookings looking? Unless new owner has VERY deep pockets they're about to have an existence threatening winter trading situation. Seriously, rose tinted memories of better days aside, who on Earth books with a company with this visibility in the news cycle? The only way back is to beat the other guys on PRICE and that won't get you through to the summer!
Why would a Chinese business be keen to lose money against FR/EZY/DY/LS taking white people to get a tan?
How are forward bookings looking? Unless new owner has VERY deep pockets they're about to have an existence threatening winter trading situation. Seriously, rose tinted memories of better days aside, who on Earth books with a company with this visibility in the news cycle? The only way back is to beat the other guys on PRICE and that won't get you through to the summer!
Join Date: Sep 2007
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So tell the Eu to get lost re Monarch but where does that leave Easyjet and Ryan both much much bigger who are very EU dependent?
And of course the Eu can always turn round and add conditions to 'foreign ' airlines operating largely inside the Eu so a quick fix on Monarch may not be so simple
And of course the Eu can always turn round and add conditions to 'foreign ' airlines operating largely inside the Eu so a quick fix on Monarch may not be so simple
Join Date: Aug 2014
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Dont know why a chinese company would be interested skipness but it appears they certainly were three months back so maybe still are ?
http://www.travelweekly.co.uk/articl...-monarch-stake
They recently bought a 80 per cent stake in SR Technics so perhaps monarchs engineering business which is by all accounts highly regarded is part of the attraction ?
http://www.travelweekly.co.uk/articl...-monarch-stake
They recently bought a 80 per cent stake in SR Technics so perhaps monarchs engineering business which is by all accounts highly regarded is part of the attraction ?