It is now clear that there was substance to this rumour and the group requires additional funding, and according to the BBC was in talks with the CAA overnight around ATOL renewal.

Needless to say, it's Twitter account tweets didn't feel it right to let the customers know this.

When booking your flights on Google, you'll find the Monarch link under the link which says that Monarch denies it's going bust!

Jerry Scott, a Business Live reader, has landed at Manchester airport on another airline. He says staff on his flight told him:

"Monarch engineers were tipped off at 3pm yesterday and went and got their tools before they were to be impounded. Planes at Manchester and Birmingham on remote stands and watched over by security."

Saved for another day
 

As I read the situation it seems Monarch were all set to cease trading after all flights arrived back last night but overnight talks seem to have given a hope of some funding to pay for the ATOL licence hence the flights going ahead today. I hope they succeed as I like flying with them for comfort and one of the best crews around.

Winter beckons and confidence in forward bookings died last night. Greybull will likely not see an ROI without ploughing even more in. They don't seem keen IMHO.

I would not book with Monarch going forward for a long time, would you? If they make it to the summer, it would be a huge achievement. There are just safer options that Joe Public knows equally as well for a similar price point.

Whatever funding it might have required on Friday night will now increase given some customers will hold off booking and suppliers will get more nervous.

This has been badly managed by the company, and the standby flights organising did not take into account plane spotters technology!

Greybull could have put the money in last week and none of this would have come up.

They could put it in by 9am and announce accordingly.

Alternatively, they could do nothing.

Very difficult one for the company. Clearly there were / still are problems. Do they deny and hope for a solution (which they did) or do they admit it and commit commercial suicide?

I think it's very simple . Put the money in and play ball with the CAA, rather than what seems to have been overnight brinkmanship talks and chat of raising money.

The staff may be fantastic but they have no idea what's really going on, and so why would anyone book a flight with these guys unless it was a lot cheaper .

I don't think these where just vicious rumours, something was definitely going to happen this morning, and for whatever reason thankfully now it isn't..

Wonder who is footing the bill for all the charters already in place ? The CAA it'll be, bet they are less than pleased and might not react in the same way next time they are given a heads up.

Let's also not forget that understandably there's still been no press release that these charter flights were to do with Monarch .

Look at the positioning and flight numbers, Fans. It certainly was Monarch.

You'd imagine the government is involved in this in some way too. The last thing they'd want is an established airline going down to add to speculation over Brexit and the health of the economy.

And this on the Beeb

Not disagreeing wickerbill - it just makes me laugh when monarch's Twitter tweets These are rumours and completely untrue . Yet don't disclose they're in all night talks with CAA, there's charter aircraft on standby across Europe and they're in the midst of an emergency fund raise !!

The 2nd United Jumbo left Chicago for Tenerife, got as far as New York and turned back. I'd still rather pay for these charters to be in position and then unused than pay to use them an MON gone :)

Could well be government involvement and suggesting very strongly that the CAA don't take a full risk adjusted bonding price for ATOL.

Equally, greybull may know government well following their Tata steel involvement (although ministers have changed).

For what it is worth, a couple of minutes ago Monarch had 28 flights in the air. They were all Monarch aircraft, not chartered etc. Given their fleet numbers 35 aircraft, it looks as if they are operating as one would expect.

United, Miami Air, Omni filed schedules matching exactly Monarch. If you believe that adds up to 5, it must be quite the coincidence.

More likely last-minute divine intervention kept Monarch in the air.

United 747 still enroute to TFS and hasnt turned back.