Monarch 4
Ecce Homo! Loquitur...
Telegraph:
“Monarch, the UK’s fifth largest airline, was today granted a one day extension to its licence after emergency talks with regulators.
Monarch’s ATOL licence is due to expire, but its bosses were trying to convince the Civil Aviation Authority (CAA) to grant it a renewal.
With the airline’s future in doubt, the CAA said it would provide a “daily update” on the status of its ability to operate its package holiday arm......”
“Monarch, the UK’s fifth largest airline, was today granted a one day extension to its licence after emergency talks with regulators.
Monarch’s ATOL licence is due to expire, but its bosses were trying to convince the Civil Aviation Authority (CAA) to grant it a renewal.
With the airline’s future in doubt, the CAA said it would provide a “daily update” on the status of its ability to operate its package holiday arm......”
Join Date: Aug 2004
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Saw this on airliners.net, I wonder why they have set up another company (1 month old), based at Prospect House...? Shelfco 2017 Limited in London Luton Airport LUTON - LU2 9NU
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My question is would the CAA go through the trouble and cost of last year organising rescue Aircraft If they were going to be issued a full ATOL the CAA would have been more than aware that the ATOL was up this weekend and in my mind would have already made its mind up to some extent on the outcome and again in my mind I would not have organised rescue flights if I thought it would all be ok on the day especially after last year and to me a day by day ATOL sounds to me like let's find the best day for all parties to get Aircraft in place and notify affected customers.
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Wizz air also started a new company the following day - arent they a reported bidder?
https://beta.companieshouse.gov.uk/company/10982241
https://beta.companieshouse.gov.uk/company/10982241
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Shelf Company or shelf Co
Definition
Ready made 'paper company' that has fulfilled all requirements for legal registration, and may be bought by anyone to bypass the lengthy registration or incorporation process. Shelf companies are formed and sold usually by accounting or law firms. Also called blank check company. See also shell company.
Read more: What is shelf company? definition and meaning - BusinessDictionary.com
Definition
Ready made 'paper company' that has fulfilled all requirements for legal registration, and may be bought by anyone to bypass the lengthy registration or incorporation process. Shelf companies are formed and sold usually by accounting or law firms. Also called blank check company. See also shell company.
Read more: What is shelf company? definition and meaning - BusinessDictionary.com
Pilot of the Airwaves
Join Date: Jan 2004
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Wizzair are in the process of applying for a UK AOL, so needed a UK registered company, which they now have.
Last edited by IB4138; 30th Sep 2017 at 19:42.
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We could well see a Wizzair UK buyout in the coming days.