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Luton-9

Old 23rd Nov 2017, 15:06
  #341 (permalink)  
 
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Yes, should be noted that TUI are -1, with the aircraft going to ABZ
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Old 23rd Nov 2017, 15:35
  #342 (permalink)  
 
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Surf Air relocating ops to LCY as early as next month..
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Old 23rd Nov 2017, 17:59
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More here on Surfair

Membership airline Surf Air to shift London base from Luton to City Airport
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Old 23rd Nov 2017, 18:09
  #344 (permalink)  
 
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Find unless they want to fly/return on Saturday afternoon/evening or after 22.00 hrs.
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Old 23rd Nov 2017, 18:37
  #345 (permalink)  
 
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Surf Air

The ZRH flight normally gets back at 21:30, say 10/15 mins less flying time -but the notorious holding in the North Sea, perhaps SENs new FBO facility might get some business.
Still it frees up a 07:25 departure for someone else, did they sell that for £1M
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Old 23rd Nov 2017, 19:06
  #346 (permalink)  
 
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So what happens if the low cost operators at Luton don't want to buy the ex-MON slots? Do they revert to ACL (after how long?), or can MON's administrators retain them indefinitely?
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Old 23rd Nov 2017, 19:54
  #347 (permalink)  
 
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That is a good question and as we are in new legal territory, who knows. Do KPMG sweat it out whilst keeping on their very small (but highly paid ex MON Pilots) and obviously their fees or cut and run within weeks? Maybe HMRC will push for sooner rather than later as a major creditor?
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Old 23rd Nov 2017, 20:18
  #348 (permalink)  
 
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In order to possibly foresee any possible outcome, is there anyone in this forum who can actually confirm what slots- with times for both departures and arrivals, Monarch held?
There has been others in here asking a similar question. As an example, I have recalled ZB flights totalling 22 movements at LTN in a 24 hour period. Then as I quoted several days ago, during this winter, Monarch on average would have operated 9 movements a day. I do not know anything of slot allocations but someone must?
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Old 23rd Nov 2017, 21:42
  #349 (permalink)  
 
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I have a feeling that there is a done deal here in what is known as `At the door of the court`. I am still ploughing through the reasons, for what is a very odd decision handed down almost immediately after submissions. The CoA normally reserves judgement and goes away to consider the result.Courts are notorious for handing down perverse and inconclusive decisions, yet ACL are not appealing. Seems leading Counsel were changed for this hearing as well.Hmm time will tell and as you say Pabely maybe HMRC have had a say in this..Somebody certainly has.
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Old 23rd Nov 2017, 22:38
  #350 (permalink)  
 
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I did read that Wizz had, prior to this ruling, made a deal to take the slots from KPMG/Monarch. I wondered if such a deal allowed access to enhance their UK AOC application, some knowledgeable staff/pilots, to also be transferred?
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Old 25th Nov 2017, 04:51
  #351 (permalink)  
 
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Video of the work on the new taxiway here.

London Luton Airport taxiway work to increase capacity - BBC News
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Old 25th Nov 2017, 22:46
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Originally Posted by Boeing737-8
Does anyone know what aircraft will be used for the weekly flight?
Slots are filed for a 757 Sat 1305/1435.
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Old 26th Nov 2017, 14:58
  #353 (permalink)  
 
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That's brilliant cj241191, thanks for the update. Always nice to see and hear the 757.
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Old 27th Nov 2017, 07:50
  #354 (permalink)  
 
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Originally Posted by Buster the Bear
I did read that Wizz had, prior to this ruling, made a deal to take the slots from KPMG/Monarch. I wondered if such a deal allowed access to enhance their UK AOC application, some knowledgeable staff/pilots, to also be transferred?

This coming week it will be announced which airlines will be buying Monarchs former slots. EasyJet, IAG, Norwegian Shuttle and Wizzair appear to be the main contenders. I do assume the LGW slots will be the first to go so will be interesting.
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Old 27th Nov 2017, 17:31
  #355 (permalink)  
 
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This coming week!

It was already announced this morning that IAG have purchased the former Monarch LGW slots for £60m.
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Old 27th Nov 2017, 17:35
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Surely wizz will be top of the pile of they want 2 more aircraft to make 7? Easyjet or Blue Air for the others?
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Old 27th Nov 2017, 20:53
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I have found no news to confirm IAG having bought all the LGW slots and paid £60 million!
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Old 27th Nov 2017, 21:46
  #358 (permalink)  
 
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Although I previously wrote that IAG have purchased the former Monarch LGW slots it seems from these reports that,

From the BBC

British Airways owner IAG has secured take-off and landing slots at London's Gatwick airport that used to belong to Monarch, reports say.
Monarch collapsed in early October and thousands of its customers had to be returned on government rescue flights.
But its administrators, KPMG, won a court appeal last week for the right to sell Monarch's slots at Gatwick, the UK's second busiest airport.
IAG has won the majority of Monarch's Gatwick slots, PA and Reuters reported.
EasyJet, Wizz and Norwegian had also been keen to acquire the slots.
Monarch's take-off and landing slots at Luton airport are also being auctioned off. Together, the Gatwick and Luton slots are expected to be worth about £60m.
IAG declined to comment on the reports.

From ch.aviation

British Airways Boeing 777-300ER British Airways Boeing 777-300ER © British Airways
6 hours ago
IAG International Airlines Group has won an unspecified number of Monarch Airlines' London Gatwick slots following submissions from various operators including Thomas Cook Group.

According to the Press Association news agency, the deal saw the British Airways (BA, London Heathrow) parent acquire the "majority" of the defunct carrier's slots at London's second busiest airfield.

Monarch was last week granted possession of its Gatwick and London Luton slots following a UK Court of Appeal ruling overturning a previous High Court decision. Creditor firms now stand to recuperate some of their dues as a result of the appeal.

Other operators that Reuters had indicated to be interested in Monarch's London slots included Norwegian UK, easyJet, and Wizz Air.

Monarch Airlines collapsed in early October amid debts of GBP466 million (USD621.44 million) bankruptcy administrators KPMG said in their first creditors report.

However, according to the Sunday Times, with only GBP600,000 (USD800,000) available to repay unsecured creditors, KPMG has since concluded that the cost of repaying them all would exceed this amount.

“As the secured creditors will likely suffer a shortfall, there is no real prospect of a return to unsecured creditors in any of the administration companies,” the KPMG report said.

Despite the doom and gloom, the Financial Times has reported that Monarch’s employees, the carrier's preferential creditors, are expected to receive 100% of the monies owed to them. A total of 1,858 staff at Monarch Airlines and Monarch Travel Group were made redundant in early October.

Although it states that IAG have bought an unspecified amount of former Monarch slots at London Gatwick it doesn't quote the exact price paid by IAG but we can assume it is close to the £60m that they were supposedly worth.
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Old 28th Nov 2017, 04:54
  #359 (permalink)  
 
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So is it an auction or is the figure set by the administrator?

What happens to the slots if they don’t meet a reserve price?

Does this mean that say a new airline to Luton that is given a slot to operate a service and then fails then has the right to sell that given slot?

Will the airport start to sell slots to add income to their landing fees?
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Old 28th Nov 2017, 07:06
  #360 (permalink)  
 
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Monarch slots

Is Norwegian seriously a contender for the Monarch slots at Luton, has there been any suggestion that they are interested in a Luton operation?
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