Monarch 4
Pilot of the Airwaves
Joined: Jan 2004
Posts: 914
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From: Close to the Med
The CAA said "The Atol renewal process is ongoing and the CAA will conclude the processing of applications from approximately 1,300 Atol holders in the next 24 hours.
"In certain circumstances this could require a temporary extension to complete this process."
"In certain circumstances this could require a temporary extension to complete this process."
Joined: Jul 2006
Posts: 1,921
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From: STANSTED & MANCHESTER
Forgetting about what's on order the current fleet of A320/1's would fit into IAG very well I wouldn't rule anything out just yet as I have it on good authority that the Qatar aircraft that have been secured as repatriation flights were organised by/through BA now this could be nothing more than BA having had a recent relationship with Qatar regarding getting aircraft quickly and the CAA used BA to go through them in securing the aircraft or it could be more.
Joined: Jul 2006
Posts: 1,921
Likes: 7
From: STANSTED & MANCHESTER
From the independent
As thousands of Monarch passengers fly to Spain, Portugal, Greece and beyond, the beleaguered airline has effectively stopped selling tickets.
Test bookings made on Saturday night by The Independent found thousands of seats on routes such as Gatwick-Malaga, Birmingham-Barcelona and Manchester-Stockholm on sale for £32 one-way. But this morning the minimum price for any outbound Monarch flight has risen by £100.
On Wednesday 11 October, the fare on the benchmark Gatwick-Barcelona route is £132 on Monarch — four times the prevailing fare on easyJet, Norwegian and Vueling.
As thousands of Monarch passengers fly to Spain, Portugal, Greece and beyond, the beleaguered airline has effectively stopped selling tickets.
Test bookings made on Saturday night by The Independent found thousands of seats on routes such as Gatwick-Malaga, Birmingham-Barcelona and Manchester-Stockholm on sale for £32 one-way. But this morning the minimum price for any outbound Monarch flight has risen by £100.
On Wednesday 11 October, the fare on the benchmark Gatwick-Barcelona route is £132 on Monarch — four times the prevailing fare on easyJet, Norwegian and Vueling.
Joined: Nov 2002
Posts: 1,048
Likes: 2
From: United States
Isn’t the focus on the ATOL thing a bit of a red herring ? AFAIK the reason they can’t renew the ATOL is that the business has no money to pay the bond .
The entire business has no money , this is just a symptom.
Deck chairs / Titanic ?
The entire business has no money , this is just a symptom.
Deck chairs / Titanic ?
Joined: Aug 2008
Posts: 0
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From: bishops stortford herts
Don`t shoot the bearers all is for the record & passing on what is in the public domain....
Daily Mail now reporting the CAA are saying decision by 4PM today...in an otherwise very gloomy article concerning the outlook..
Daily Mail now reporting the CAA are saying decision by 4PM today...in an otherwise very gloomy article concerning the outlook..
Joined: Jan 2008
Posts: 17,724
Likes: 2,093
From: Reading, UK
Joined: Aug 1999
Posts: 1
Likes: 1
From: Hyeres, France
Very sad if Monarch does close after, what - 50 years or so ?
But can't help comparing to the Air Berlin mess, who are already bankrupt but being kept alive by the German Government ( seemingly against EU regulations, but that's for another thread ) until an orderly wind-up can be put into place to avoid mass redundancies and an even bigger financial loss.
Why can't the UK Government do something similar for Monarch's employees and passengers ?
But can't help comparing to the Air Berlin mess, who are already bankrupt but being kept alive by the German Government ( seemingly against EU regulations, but that's for another thread ) until an orderly wind-up can be put into place to avoid mass redundancies and an even bigger financial loss.
Why can't the UK Government do something similar for Monarch's employees and passengers ?
Joined: Aug 2014
Posts: 780
Likes: 78
From: Outer London
Joined: Oct 2001
Posts: 387
Likes: 37
From: Starring at an Airfield Near you
As all the focus is on the ATOL protection for the holiday aspects of the Monarch business (only 5% of the business from what I’ve read) what are the implications for the (presumably) majority of Monarch customers booked on ‘ticket/flight only’ flights? If the ATOL/Holiday licence isn’t renewed at 1600 today, will that ground the whole airline? At post 238 above AndrewH52 implies not.....
I appreciate that the short-haul element is running at a loss, but will the airline continue to operate while the search goes on for a buyer, who - equally presumably – wants to see the operation go as close to wall as possible so that they pick the pieces at a knock-down price?
I appreciate that the short-haul element is running at a loss, but will the airline continue to operate while the search goes on for a buyer, who - equally presumably – wants to see the operation go as close to wall as possible so that they pick the pieces at a knock-down price?
Joined: Aug 2008
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From: bishops stortford herts
The issue concerning the ATOL licence has been covered in the "nationals"...& essentially the withdrawing of the licence in this instance is not in itself fatal as it does as you quote only cover 5% of the business...what it does do is lead v quickly is a loss of confidence from suppliers who withdraw logistical support or demand cash up front,that a lot of the time is the fatal element for airline ops...
Joined: Sep 2017
Posts: 6
Likes: 0
From: Mallorca
If ATOL not renewed by CAA then although Monarch Holidays are only a small part of the Monarch Group the question of Monarch credibility will arise. Once credibility questioned bookings are effected, press headlines refer to Monarch, suppliers etc etc start worrying and the knock-on of a problem with the Holiday division accelerates to form a group/holding problem.
Joined: Jan 2008
Posts: 17,724
Likes: 2,093
From: Reading, UK
The issue concerning the ATOL licence has been covered in the "nationals"...& essentially the withdrawing of the licence in this instance is not in itself fatal as it does as you quote only cover 5% of the business...what it does do is lead v quickly is a loss of confidence from suppliers who withdraw logistical support or demand cash up front,that a lot of the time is the fatal element for airline ops...