I wonder where this story has been cobbled together from? I'd guess from the stuff put on this thread and probably threads on other sites that I don't frequent like Airliners.net.

How about the people who are not working directly for the company and posting here put their hands up and admit it.

I'll start off. I don't work for Monarch.

Haha the drama is too good !
“Monarch changes fleet of Max to a fleet of C172s to cut costs”

Im sure the ATOL licence will go through without any dramas

Having been peripherally involved in something similar (non-aviation related), when there is talk of ministers, Cobra etc it is coming from Westminster/Whitehall sources, not externally (i.e. the press political guys, not news guys)

Bit my tongue in your previous comment...

But once again ATnotts seem to misunderstand the key concept of a RUMOUR network.

Even by some drama it didn't, it should hardly force a collapse of the airline?

The DM quoted 100,0000 customers abroad but only 10,000 were apparently package holidays. Although how reliable their source is, who knows.

Wow do tell us all what exactly is going on , we all listen with bated breath

Since when has the DM ever got facts right when it comes to aviation? They find it hard to spell and put a sentence without grammar errors.

What utter nonsense...

Can only say what happened with us - when our press team talked to their usual journalist contacts they were told "not me, its London".

ATNotts....Whilst it is understandable you might frame in this way bearing in mind MON are one of BHX`s largest operators you really really need to face some facts..
Firstly although probably v annoying for you & others (notwithstanding the employees of course of course) it is not posters on here that are causing the problems... would you not agree that Greybull themselves have no little part in this fiasco...it is now twice in a year that they have taken MON to the brink sullied the reputation & name & worried endlessly their staff..
Is there a requirement to take "talks" down to the wire every year now...do other operators use this same process?..
HM Government have a duty of care at the very least to protect interests of citizens stranded abroad...do you honestly believe that the possible stranding of many tens of thousands of citizens abroad would not be game planned by Government & agencies....
The brinkmanship evidently going on behind the scenes & obviously in some cases to drive acquisition prices down is business but unedifying to innocents involved.
It appears quite apparent that all this is not yet another figment of some ones imagination as you appear to suggest...how many clues at the moment do you choose to disregard?..There does also exist tho some pretty hard reality parked..
BTW you should read across all platforms & then disseminate the info yourself that`s what worldly observers should probably do...

Firstly, I come to this not from a "BHX Fan-Boy" angle; I would express the same opinions which ever the airline, it is people's jobs, families and mortgages that are being effectively discussed here.

Second, I'm no fan of these private equity companies either, they buy companies, with the sole aim to increase their market value, normally by reducing costs (= staff and salaries) then flogging them on. Boots the Chemists is another example of this.

What I find galling is the frivolous tittle tattle, most without any foundation. Anyone with real information and concrete knowledge should have more common sense than to post in forums like this. However this tittle tattle just worries the willies out of staff members, perhaps some we planning a big purchase this weekend, just signed up for a new mortgage or whatever, then read some of this. How will they sleep tonight?

I ask again, how would you like it if there was speculation that your job was on the line?

But isn't this very forum not a RUmour NEtwork? If you don't like what's rumoured, don't read. Rumours by their very nature are either accurate... or inaccurate, to varying degrees.

I will be very sad to see Monarch go, if that is it's fate. But sadly, older companies than MON have disappeared - way of the world unfortunately. I wish all employees well.

Disruptive as it would be, the collapse of an airline (apart from perhaps BA) would not constitute the kind of emergency situation to prompt a meeting of COBRA. I also suspect that HMG (especially the Foreign Office) wouldn't see it as their job to sort the mess out, in part because they don't have the resources or capacity to do so.

I have to agree this is a rumour network forum
People should accept this is a place for people to chat give speculation and different thoughts on all matters concerning aviation people shouldn't fear posting what they want to write just in case they get the sharp end of someone tongue you don't have to agree with posts by others but please respect their right to comment on all things aviation
It might be worth remembering that no member on this site is above any other and anyone wishing to post should be able to post without worry.

I too would like to think that they have more important matters to discuss in Briefing Room "A".

You will probably find there was a COBRA meeting and Monarch was mentioned at some point in it I don't for one minute think a rush gathering of ministers was called just to discuss Monarchs situation if indeed there is one.

If this was a private forum then I'd be inclined to agree, but it's not, and journos of varying levels of intelligence lurk, I'm sure often as "visitors", and what starts off as idle speculation can so quickly turn into "fact" in the eyes of journalists, and in extreme circumstances could precipitate an event that could adversely effect people, which may never have happened other than for idle speculation. Things snowball, and the law of unintended consequences sometimes comes into play.

If things did turn out really badly I still wouldn't change my view.

Wait for teh facts?

I think you need to go to a different website TBH - a quite simple error in dentifying the correct runway has over 1000 posts on this board...........................

First to ATNotts - I am not employed by Monarch

Secondly what I fail to understand regarding the current Monarch 'problem' is that a similar scenario happened this very time last year. The press speculation at the time centred very much upon the fact that Monarch had failed to appease the regulator in terms of the requisite financial standing to enter into the 2016/17 ATOL which at the time required a larger sum due to the fact that both holidays and some flights were ATOL protected.

Subsequently the regulator agreed that ATOL protection was not required (due to the Monarch Group financial standing) for flight only sales.

A 14 day extension was granted by the regulator for Greybull/Monarch to come up with the necessary financial proof. Shortly thereafter the Monarch CEO made a statement which, amongst other matters, provided two salient comments. Firstly that he would not allow the renewal to be a last minute thing (ie 30/09) and secondly he readily admitted that Monarch bookings had taken a severe knock particularly over the two week period of early October 2016.

Obviously the ATOL effects holiday purchases only however the public probably do not relate to this fact ....all they read is Monarch licence in jeopardy and the press reflect this fact in their releases/comments.

What I fail to understand therefore is why oh why do Greybull/Monarch CEO allow matters to get into this state and basically shoot themselves in the foot?