Monarch - 3
My cousin has a friend who has a friend that went to a party where they overheard that Lord Sugar was going to jump in and buy up the company to expand AMSAIR.
Will you all listen to yourselves! I know this is a rumour network but this is all pathetic playground tittle tattle. Unless you have facts and can cite the source, I suggest you stop posting such drivel.
Will you all listen to yourselves! I know this is a rumour network but this is all pathetic playground tittle tattle. Unless you have facts and can cite the source, I suggest you stop posting such drivel.
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Haha that's funny. You should really take a look at line station engineering, with exception of BigAirways. There are many cases of single engineer turnarounds on wide bodies everywhere! Even at home bases.
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I think far more importantly is the future.
Monarch still have another 6 days to sign the investors contract so no worries yet.
However you do wonder with Monarch recent form whether it will be announced with 30 mins to go on the 12th day.
Sure it will be sorted out by 12th or perhaps they can get another extension.
Trouble is every day its not announced they are loosing business. Know loads of people who are not booking with Monarch for the winter or early spring..Sooner its announced the better for bookings.
Monarch still have another 6 days to sign the investors contract so no worries yet.
However you do wonder with Monarch recent form whether it will be announced with 30 mins to go on the 12th day.
Sure it will be sorted out by 12th or perhaps they can get another extension.
Trouble is every day its not announced they are loosing business. Know loads of people who are not booking with Monarch for the winter or early spring..Sooner its announced the better for bookings.
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I guess monarch are very well aware of the impact this is having on bookings and are doubtless anxious to get it sorted ASAP
Im not sure what the issue is is it the cost of the licence or is it the new investment the CAA need to see?
Im not sure what the issue is is it the cost of the licence or is it the new investment the CAA need to see?
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Everyone is assuming it's a simplistic case of when some money is arriving at the CAA. That's rather simplistic in the current situation.
It's much more likely there are other time constraints involved too involving multiple parties all with their own deadlines and agendas, hence a realistic extension to the middle of next week.
It's much more likely there are other time constraints involved too involving multiple parties all with their own deadlines and agendas, hence a realistic extension to the middle of next week.
Last edited by Rushed Approach; 6th Oct 2016 at 21:44.
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 22:43.
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.
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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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
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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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
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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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.
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.