CabinCrewe, actually no Boeing commented about 6-12 months ago that they still do have some/most/all of the tooling for the 757. Or something along those lines.

PwC - sadly it's touch and go...

Greybull will bid for Monarch it looks like :):
Monarch bidder confirmed - www.travelweekly.co.uk

Let's keep the weekly "Why don't Boeing build new B757s" for airliners.net please, there are many threads going over the reasons why this won't happen over in the forums there.

In terms of Monarch going under, this won't happen unless the current owners decide to allow the business go to the wall, which is a little different from the usual.

Good news that the bidder plans to keep the company as going concern. I imagine the rule was ran over the prospect of asset stripping.

No doubt the Gatwick slots could fetch a good price. An likely easyJet would pay good money for them in order to keep the competition out , ie threats Norwegian et al.

So if Monarch are selling Gatwick slots, I assume this will become one of the smallest bases? :)

MKY661.
That was not what was said now, was it !!

LGW isn't slot restricted in the same way LHR is. LGW have found slots for Norwegians 300+ flights a week and more aircraft both short haul and long haul are planned for next year from Norwegian according to joint press releases from LGW/NAS

But it was only last year that FlyBe sold its slots to EZY for £25m

No doubt Monarch have 'Prime Time' slots that are worth a premium. If you look at Norwegian departure times, most for the outbound rotation depart between 05:00 and 06:30!

Gatwick slots
 

Please excuse this slightly off-topic comment, but it does have some relevance:

Demand exceeds supply for Gatwick slots in many hours of the day (but not in every hour, as is the case at Heathrow). Check out the ACL start of season report for full details.

For example, slots for 07:00-08:00, 10:00-13:00 and 14:00-16:00 were oversubscribed this summer.

Slots were available in reasonable quantities from 08:00-10:00 and after 19:00.

This would explain why slots for based aircraft are likely to have fairly high values.

This summer higher capacities were declared in some hours (up to 55 movements), but now that NATS have lost the ATC contract it's not certain that capacity improvements will continue to be found.

There's no evidence/reason that LGW would not be able to continue providing up to 55 movements with its new ATC service provider :rolleyes::hmm:

Greybull was the savior of Comet...

Redundancy confirmation
 

BBC News - Monarch staff agree to pay cuts of up to 30%
Can it get any worse ?

Buster the bear
 

Yes they have some anti social departure slots, but these do get you into Europe in time for the start of the business day, the second wave (inbounds from Europe based aircraft) tend to be 08:00 -09:30 either way they seem to enjoy a good load factor, told long haul is above 95% which is good for a new market, but summers over now so there will be a lot of work to do to sustain it i think.

Who are the short haul business travellers that fly Norwegian from Gatwick (Scandinavia apart)?

Ballot is like turkeys voting for Christmas!

MAEL has a value, so do the prime Gatwick slots. Once Greybull do the deal with Boeing I will believe Monarch will fly on.

CabinCrewe
 

It could get a LOT worse. They could all be out of a job. The 30% brings them inline with the industry standard (which has and will continue to fall) terms and conditions.

I really hope that Monarch spend their advertising budget wisely. To date, they seem to have drain-piped 10's of thousands in local areas, while Jet2 and Jet2 Holidays have become a national brand.

Maybe sack the bod in marketing and get a specialist brand generating company on board !!!